https://www.taxtmi.com/caselaws?id=241337 The Tribunal upheld the taxpayer's exemption eligibility under section 11 of the Income-tax Act for the assessment year 2009-10. It found that the recipient trusts, although involved in some activities that could be deemed non-charitable, were registered charities under section 12AA. The Tribunal determined that the funds donated were used for charitable purposes, and any violations by the recipient trusts did not impact the taxpayer's eligibility for exemption. The fair market value was upheld as fixed on 01-04-1981, and the revenue's appeal, as well as the taxpayer's cross objection, were dismissed. en-us Fri, 22 Mar 2013 00:00:00 +0530 Sat, 21 Dec 2013 08:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241337 The Tribunal upheld the taxpayer's exemption eligibility under section 11 of the Income-tax Act for the assessment year 2009-10. It found that the recipient trusts, although involved in some activities that could be deemed non-charitable, were registered charities under section 12AA. The Tribunal determined that the funds donated were used for charitable purposes, and any violations by the recipient trusts did not impact the taxpayer's eligibility for exemption. The fair market value was upheld as fixed on 01-04-1981, and the revenue's appeal, as well as the taxpayer's cross objection, were dismissed. Case-Laws Income Tax Fri, 22 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241337