https://www.taxtmi.com/caselaws?id=221174 The Tribunal partially ruled in favor of the assessee, granting exemption under Section 11 for donations treated as revenue receipts and accumulated income. The Tribunal dismissed the revenue's appeal, affirming that loans to another charitable trust with similar objects do not violate Section 13(1)(d). The decision highlighted the significance of timely filing of Form No.10 and clarified the distinction between loans and investments for charitable trusts. en-us Mon, 31 Dec 2012 00:00:00 +0530 Fri, 01 Apr 2016 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221174 The Tribunal partially ruled in favor of the assessee, granting exemption under Section 11 for donations treated as revenue receipts and accumulated income. The Tribunal dismissed the revenue's appeal, affirming that loans to another charitable trust with similar objects do not violate Section 13(1)(d). The decision highlighted the significance of timely filing of Form No.10 and clarified the distinction between loans and investments for charitable trusts. Case-Laws Income Tax Mon, 31 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221174