https://www.taxtmi.com/highlights?id=26186 Exemption u/s 11 - merely because the payments are made outside India, it cannot be said that the charitable activities were also conducted outside the country - the word ‘applied’ does not mean ‘spent’ and even if the income has been earmarked and allocated for the purpose of carrying out the objects of the institution, it might be deemed to be applied for that purpose - AT en-us Tue, 01 Dec 2015 11:17:28 +0530 Tue, 01 Dec 2015 11:17:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26186 Exemption u/s 11 - merely because the payments are made outside India, it cannot be said that the charitable activities were also conducted outside the country - the word ‘applied’ does not mean ‘spent’ and even if the income has been earmarked and allocated for the purpose of carrying out the objects of the institution, it might be deemed to be applied for that purpose - AT Highlights Income Tax Tue, 01 Dec 2015 11:17:28 +0530 https://www.taxtmi.com/highlights?id=26186