https://www.taxtmi.com/caselaws?id=220133 The court dismissed the Revenue's appeal against an order by the High Court of Delhi regarding the assessment year 2002-2003. The case involved a trust treated as an AOP accepting a post-dated cheque from a donor company, leading to allegations of favoritism. The trust's exemption under Sections 11 & 12 was initially denied, but subsequent appeals were successful. The court found no breach of Section 13(2)(b) and 13(2)(h), ruling in favor of the trust based on legal precedents on conditional payments. The judgment upheld the decisions in favor of the trust, emphasizing adherence to legal principles on negotiable instruments. en-us Mon, 07 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220133 The court dismissed the Revenue's appeal against an order by the High Court of Delhi regarding the assessment year 2002-2003. The case involved a trust treated as an AOP accepting a post-dated cheque from a donor company, leading to allegations of favoritism. The trust's exemption under Sections 11 & 12 was initially denied, but subsequent appeals were successful. The court found no breach of Section 13(2)(b) and 13(2)(h), ruling in favor of the trust based on legal precedents on conditional payments. The judgment upheld the decisions in favor of the trust, emphasizing adherence to legal principles on negotiable instruments. Case-Laws Income Tax Mon, 07 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220133