https://www.taxtmi.com/caselaws?id=177343 The court upheld the decision in favor of the charitable trust, ruling that donations collected towards a specific fund, i.e., corpus fund, were eligible for tax exemption under Section 11 of the Income Tax Act. The trust's compliance with accounting practices, maintenance of separate accounts, and utilization of funds for the intended purpose demonstrated the genuineness of the transactions. The court emphasized the importance of specific directions from donors and proper record-keeping for qualifying for exemptions as a charitable institution under Section 11. en-us Wed, 13 Nov 2013 00:00:00 +0530 Wed, 05 Oct 2016 13:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177343 The court upheld the decision in favor of the charitable trust, ruling that donations collected towards a specific fund, i.e., corpus fund, were eligible for tax exemption under Section 11 of the Income Tax Act. The trust's compliance with accounting practices, maintenance of separate accounts, and utilization of funds for the intended purpose demonstrated the genuineness of the transactions. The court emphasized the importance of specific directions from donors and proper record-keeping for qualifying for exemptions as a charitable institution under Section 11. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177343