https://www.taxtmi.com/caselaws?id=214551 The Tribunal upheld the deletion of an addition of unrecoverable fees by the ld. CIT(A), emphasizing the trust's compliance with provisions under sections 12AA and 11 of the IT Act. The Tribunal ruled in favor of the appellant, a charitable trust engaged in educational and medical activities, stating that the unrecoverable fees should not be treated as taxable income. The decision highlighted the importance of considering real income received by the trust and its eligibility for exemption under section 11. The Tribunal dismissed the Revenue's appeal, emphasizing adherence to statutory provisions for granting exemptions to charitable trusts. en-us Fri, 08 Jun 2012 00:00:00 +0530 Thu, 05 Jul 2012 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214551 The Tribunal upheld the deletion of an addition of unrecoverable fees by the ld. CIT(A), emphasizing the trust's compliance with provisions under sections 12AA and 11 of the IT Act. The Tribunal ruled in favor of the appellant, a charitable trust engaged in educational and medical activities, stating that the unrecoverable fees should not be treated as taxable income. The decision highlighted the importance of considering real income received by the trust and its eligibility for exemption under section 11. The Tribunal dismissed the Revenue's appeal, emphasizing adherence to statutory provisions for granting exemptions to charitable trusts. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214551