https://www.taxtmi.com/caselaws?id=267306 The Appellate Tribunal ruled in favor of the trust, directing the Assessing Officer to recognize it as a valid charitable entity under Section 12AA of the Income Tax Act. The Tribunal emphasized that the trust's appointment of a minor trustee and trustees residing abroad did not invalidate it, as there were competent trustees available. It highlighted the trust's charitable nature and compliance with income application requirements, overturning the denial of exemptions under Sections 11 and 12 of the Act. The Tribunal also addressed and disposed of the interest levy issue under Section 234B without impacting the trust's validity or entitlement to exemptions. en-us Tue, 29 Sep 2015 00:00:00 +0530 Wed, 04 Nov 2015 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267306 The Appellate Tribunal ruled in favor of the trust, directing the Assessing Officer to recognize it as a valid charitable entity under Section 12AA of the Income Tax Act. The Tribunal emphasized that the trust's appointment of a minor trustee and trustees residing abroad did not invalidate it, as there were competent trustees available. It highlighted the trust's charitable nature and compliance with income application requirements, overturning the denial of exemptions under Sections 11 and 12 of the Act. The Tribunal also addressed and disposed of the interest levy issue under Section 234B without impacting the trust's validity or entitlement to exemptions. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267306