https://www.taxtmi.com/caselaws?id=238420 The Tribunal upheld the rejection of the assessee's claim for repairs and maintenance deduction under Section 24 of the Income Tax Act, emphasizing that income of a charitable trust exempt under Chapter III should not be computed under specific heads of income. Additionally, the Tribunal allowed the Rs. 24 lakhs corpus donation as an application of income under Section 11(1), while requiring verification for the Rs. 36 lakhs donation's application status. The Tribunal dismissed the assessee's appeal and partly allowed the Revenue's appeal for statistical purposes pending verification, with the order pronounced on September 30, 2013. en-us Mon, 30 Sep 2013 00:00:00 +0530 Mon, 21 Oct 2013 06:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238420 The Tribunal upheld the rejection of the assessee's claim for repairs and maintenance deduction under Section 24 of the Income Tax Act, emphasizing that income of a charitable trust exempt under Chapter III should not be computed under specific heads of income. Additionally, the Tribunal allowed the Rs. 24 lakhs corpus donation as an application of income under Section 11(1), while requiring verification for the Rs. 36 lakhs donation's application status. The Tribunal dismissed the assessee's appeal and partly allowed the Revenue's appeal for statistical purposes pending verification, with the order pronounced on September 30, 2013. Case-Laws Income Tax Mon, 30 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238420