https://www.taxtmi.com/caselaws?id=179529 The Tribunal partially allowed the appeal, overturning the CIT(A)'s decision on the applicability of Section 13(1)(c) due to misuse of funds by a trustee's relative and denial of deduction under Section 11. The Tribunal concluded that Section 13(1)(c) was not applicable as the misappropriation was done without the trustee's knowledge. Additionally, the Tribunal directed further verification by the AO regarding the addition of interest recoverable and the amount misappropriated by another individual, restoring these issues for review. en-us Fri, 30 Mar 2012 00:00:00 +0530 Wed, 05 Jul 2017 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179529 The Tribunal partially allowed the appeal, overturning the CIT(A)'s decision on the applicability of Section 13(1)(c) due to misuse of funds by a trustee's relative and denial of deduction under Section 11. The Tribunal concluded that Section 13(1)(c) was not applicable as the misappropriation was done without the trustee's knowledge. Additionally, the Tribunal directed further verification by the AO regarding the addition of interest recoverable and the amount misappropriated by another individual, restoring these issues for review. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179529