https://www.taxtmi.com/caselaws?id=262097 The Court allowed the tax case appeal, ruling in favor of the Trust formed for promoting Indian Classical Dance. The denial of exemption under Section 11 of the Income Tax Act, 1961, based on alleged violations of Section 13 (1) (c) of the Act was overturned. The Court found no evidence of direct or indirect benefit to the trustee, emphasizing an agreement ensuring compensation to the Trust if the premises were not used for dance classes. The Court concluded that there was no application of income or property for the trustee's benefit, leading to the appeal's success with no costs awarded. en-us Wed, 17 Jun 2015 00:00:00 +0530 Fri, 18 Dec 2015 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262097 The Court allowed the tax case appeal, ruling in favor of the Trust formed for promoting Indian Classical Dance. The denial of exemption under Section 11 of the Income Tax Act, 1961, based on alleged violations of Section 13 (1) (c) of the Act was overturned. The Court found no evidence of direct or indirect benefit to the trustee, emphasizing an agreement ensuring compensation to the Trust if the premises were not used for dance classes. The Court concluded that there was no application of income or property for the trustee's benefit, leading to the appeal's success with no costs awarded. Case-Laws Income Tax Wed, 17 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262097