https://www.taxtmi.com/caselaws?id=219043 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions, ruling that corpus donations were exempt under Section 11, expenditures on cultural activities qualified as application of income for charitable purposes, and the timing of investment of corpus donations did not impact the trust's exemption status. The revenue's appeals were dismissed. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 03 Dec 2012 22:54:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219043 The Tribunal upheld the Commissioner of Income Tax (Appeals) decisions, ruling that corpus donations were exempt under Section 11, expenditures on cultural activities qualified as application of income for charitable purposes, and the timing of investment of corpus donations did not impact the trust's exemption status. The revenue's appeals were dismissed. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219043