https://www.taxtmi.com/caselaws?id=217071 Amounts compulsorily transferred under the statutory Mandi Parishad framework were treated as application of income for charitable purposes under section 11(1)(a) because the receipts were required to be credited to funds created and governed by the enactment for market development and allied public purposes. The Court also held that the claim could not be denied by treating the transfer as a voluntary contribution issue under section 12(1), since the dispute concerned application of income, not corpus-style donations. Exemption was therefore available to the registered charitable institution. en-us Thu, 27 Sep 2012 00:00:00 +0530 Tue, 05 Dec 2017 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217071 Amounts compulsorily transferred under the statutory Mandi Parishad framework were treated as application of income for charitable purposes under section 11(1)(a) because the receipts were required to be credited to funds created and governed by the enactment for market development and allied public purposes. The Court also held that the claim could not be denied by treating the transfer as a voluntary contribution issue under section 12(1), since the dispute concerned application of income, not corpus-style donations. Exemption was therefore available to the registered charitable institution. Case-Laws Income Tax Thu, 27 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217071