https://www.taxtmi.com/caselaws?id=213055 The High Court upheld the Tribunal's decision to deny exemption under section 11 of the Income-tax Act to the appellant, a charitable institution, due to a violation of section 13(1)(d). The violation involved the improper utilization of trust funds for personal benefits, specifically depositing Rs. 50,000 in a private finance company. The Court emphasized that the breach of section 13(1)(d) justified the denial of exemption, regardless of other arguments raised. The appeal was dismissed, affirming the Tribunal's ruling based on the established violation of section 13(1)(d). en-us Mon, 02 Jan 2012 00:00:00 +0530 Wed, 02 May 2012 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213055 The High Court upheld the Tribunal's decision to deny exemption under section 11 of the Income-tax Act to the appellant, a charitable institution, due to a violation of section 13(1)(d). The violation involved the improper utilization of trust funds for personal benefits, specifically depositing Rs. 50,000 in a private finance company. The Court emphasized that the breach of section 13(1)(d) justified the denial of exemption, regardless of other arguments raised. The appeal was dismissed, affirming the Tribunal's ruling based on the established violation of section 13(1)(d). Case-Laws Income Tax Mon, 02 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213055