https://www.taxtmi.com/caselaws?id=271675 The Tribunal partially allowed the appeal of a charitable trust regarding the denial of exemption under sections 11 & 12 of the Income Tax Act. It held that the denial of exemption should be limited to income violating specific provisions, not a blanket denial. The trust's provision of medical relief at subsidized rates was deemed charitable, leading to the partial allowance of the appeal. The Tribunal directed that income related to violations should be taxed at the maximum marginal rate, emphasizing proportionality in denying exemption. en-us Thu, 14 Jan 2016 00:00:00 +0530 Fri, 12 Feb 2016 10:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271675 The Tribunal partially allowed the appeal of a charitable trust regarding the denial of exemption under sections 11 & 12 of the Income Tax Act. It held that the denial of exemption should be limited to income violating specific provisions, not a blanket denial. The trust's provision of medical relief at subsidized rates was deemed charitable, leading to the partial allowance of the appeal. The Tribunal directed that income related to violations should be taxed at the maximum marginal rate, emphasizing proportionality in denying exemption. Case-Laws Income Tax Thu, 14 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271675