https://www.taxtmi.com/caselaws?id=77849 The High Court of Kerala ruled against the assessee, a charitable institution, in a case concerning an advance made to a cement trader for construction purposes. The court found the advance did not qualify for exemption under section 11(1) of the Income-tax Act due to lack of evidence of actual utilization for charitable purposes. The court emphasized the importance of demonstrating concrete expenditure and adherence to statutory procedures for claiming exemptions under the Act, ultimately disallowing the claimed exemption. en-us Tue, 16 Dec 2008 00:00:00 +0530 Fri, 15 Oct 2010 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77849 The High Court of Kerala ruled against the assessee, a charitable institution, in a case concerning an advance made to a cement trader for construction purposes. The court found the advance did not qualify for exemption under section 11(1) of the Income-tax Act due to lack of evidence of actual utilization for charitable purposes. The court emphasized the importance of demonstrating concrete expenditure and adherence to statutory procedures for claiming exemptions under the Act, ultimately disallowing the claimed exemption. Case-Laws Income Tax Tue, 16 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77849