https://www.taxtmi.com/caselaws?id=79030 The High Court affirmed the Tribunal's decision, ruling in favor of the respondent society. The Court held that the payment made towards land acquisition was in compliance with Section 11 of the Income Tax Act, as it was deemed an application of funds for charitable purposes. The Court distinguished the case from a previous Madras High Court judgment and aligned it with a Supreme Court decision regarding fund application for a hospital building. The possession transfer and execution of a Power of Attorney supported the conclusion that the payment was valid under the Act. en-us Fri, 08 Oct 2010 00:00:00 +0530 Sat, 06 Jul 2013 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=79030 The High Court affirmed the Tribunal's decision, ruling in favor of the respondent society. The Court held that the payment made towards land acquisition was in compliance with Section 11 of the Income Tax Act, as it was deemed an application of funds for charitable purposes. The Court distinguished the case from a previous Madras High Court judgment and aligned it with a Supreme Court decision regarding fund application for a hospital building. The possession transfer and execution of a Power of Attorney supported the conclusion that the payment was valid under the Act. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=79030