https://www.taxtmi.com/caselaws?id=263235 The Tribunal held that contributions to a chit fund did not violate section 11(5) of the Income Tax Act, and the assessee, a registered society running a cancer hospital, was eligible for exemption under section 11 as it applied its entire income for charitable purposes. The Tribunal did not adjudicate on the claim for depreciation on assets since the main ground was allowed. The appeal was partly allowed in favor of the assessee, with the order pronounced on 31.07.2015. en-us Fri, 31 Jul 2015 00:00:00 +0530 Wed, 12 Aug 2015 08:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263235 The Tribunal held that contributions to a chit fund did not violate section 11(5) of the Income Tax Act, and the assessee, a registered society running a cancer hospital, was eligible for exemption under section 11 as it applied its entire income for charitable purposes. The Tribunal did not adjudicate on the claim for depreciation on assets since the main ground was allowed. The appeal was partly allowed in favor of the assessee, with the order pronounced on 31.07.2015. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263235