https://www.taxtmi.com/caselaws?id=121764 The Tribunal dismissed the revenue's appeal, affirming the trust's eligibility for exemption under section 11, as the trust had amended its deed to ensure charitable purposes. The Tribunal also upheld the deletion of Rs. 14,10,000 as unexplained cash credits, accepting the evidence provided by the assessee. Additionally, the Tribunal allowed the assessee's cross-objection, granting exemption under section 10(23C)(iiiad), recognizing the trust's efforts towards establishing educational institutions during the relevant year. en-us Fri, 21 Nov 2008 00:00:00 +0530 Thu, 07 Dec 2023 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121764 The Tribunal dismissed the revenue's appeal, affirming the trust's eligibility for exemption under section 11, as the trust had amended its deed to ensure charitable purposes. The Tribunal also upheld the deletion of Rs. 14,10,000 as unexplained cash credits, accepting the evidence provided by the assessee. Additionally, the Tribunal allowed the assessee's cross-objection, granting exemption under section 10(23C)(iiiad), recognizing the trust's efforts towards establishing educational institutions during the relevant year. Case-Laws Income Tax Fri, 21 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121764