https://www.taxtmi.com/caselaws?id=254125 The Tribunal ruled in favor of Vikat Educational Trust and Vinayak Educational Trust, determining that the Rs. 40 lacs received from Bhalchandra Educational Trust was a loan, not a donation. The Tribunal found the cash donations received were genuine, emphasizing the trusts' charitable objectives and activities. Both trusts were deemed eligible for registration under section 12AA and approval under section 80G(5) of the Income Tax Act. The Tribunal directed the CIT to grant registration and approval to both trusts, allowing all four appeals. en-us Wed, 10 Dec 2014 00:00:00 +0530 Sat, 13 Dec 2014 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254125 The Tribunal ruled in favor of Vikat Educational Trust and Vinayak Educational Trust, determining that the Rs. 40 lacs received from Bhalchandra Educational Trust was a loan, not a donation. The Tribunal found the cash donations received were genuine, emphasizing the trusts' charitable objectives and activities. Both trusts were deemed eligible for registration under section 12AA and approval under section 80G(5) of the Income Tax Act. The Tribunal directed the CIT to grant registration and approval to both trusts, allowing all four appeals. Case-Laws Income Tax Wed, 10 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254125