https://www.taxtmi.com/caselaws?id=263707 The Tribunal determined that the purchase of a car in the trustee's name using trust funds did not automatically imply personal benefit to the trustee under section 13 of the Income Tax Act. The denial of exemption under section 11 should be restricted to the amount used for the trustee's benefit, aligning with the Supreme Court's decision in Fr. Mullers Charitable Institution. The case was referred to the Division Bench for further action based on the majority view. en-us Mon, 02 Feb 2015 00:00:00 +0530 Tue, 08 Sep 2015 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263707 The Tribunal determined that the purchase of a car in the trustee's name using trust funds did not automatically imply personal benefit to the trustee under section 13 of the Income Tax Act. The denial of exemption under section 11 should be restricted to the amount used for the trustee's benefit, aligning with the Supreme Court's decision in Fr. Mullers Charitable Institution. The case was referred to the Division Bench for further action based on the majority view. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263707