https://www.taxtmi.com/caselaws?id=254864 The High Court upheld the ITAT's decision to grant recognition under Section 80G(5) of the Income Tax Act to the Trust, emphasizing that the focus should be on whether the institution meets the prescribed conditions rather than the actual expenditure of income. The Court ruled in favor of the assessee, dismissing the revenue's appeal as lacking merit and ordered no costs to be paid. en-us Tue, 11 Nov 2014 00:00:00 +0530 Fri, 02 Jan 2015 15:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254864 The High Court upheld the ITAT's decision to grant recognition under Section 80G(5) of the Income Tax Act to the Trust, emphasizing that the focus should be on whether the institution meets the prescribed conditions rather than the actual expenditure of income. The Court ruled in favor of the assessee, dismissing the revenue's appeal as lacking merit and ordered no costs to be paid. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254864