https://www.taxtmi.com/caselaws?id=212362 The High Court affirmed the Tribunal's decision, ruling that the grant received by the Government-owned Corporation for the upliftment of Safai Kamdars and Scheduled Caste members qualified for exemption under the Income Tax Act. Despite the absence of a specific direction in the grant circular, the Court found that the grant was intended for specific purposes outlined in the Government scheme, supporting the Tribunal's decision that the grant met the requirements for exemption under relevant provisions of the Act. The tax appeal was dismissed, upholding the assessee's entitlement to exemption under section 11(1)(d) read with section 12(1) of the Act. en-us Mon, 02 May 2011 00:00:00 +0530 Thu, 01 Nov 2012 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212362 The High Court affirmed the Tribunal's decision, ruling that the grant received by the Government-owned Corporation for the upliftment of Safai Kamdars and Scheduled Caste members qualified for exemption under the Income Tax Act. Despite the absence of a specific direction in the grant circular, the Court found that the grant was intended for specific purposes outlined in the Government scheme, supporting the Tribunal's decision that the grant met the requirements for exemption under relevant provisions of the Act. The tax appeal was dismissed, upholding the assessee's entitlement to exemption under section 11(1)(d) read with section 12(1) of the Act. Case-Laws Income Tax Mon, 02 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212362