https://www.taxtmi.com/caselaws?id=185718 The Appellate Tribunal upheld the CIT(A)'s decision, granting the trust exemption u/s 11 of the Income Tax Act. The trust's utilization of income for educational purposes and investments aligned with its objectives, as determined by referencing High Court judgments. The Tribunal dismissed the Revenue's appeal, emphasizing the significance of applying income for charitable purposes to qualify for exemption under the Act. en-us Tue, 19 Oct 2010 00:00:00 +0530 Wed, 24 Aug 2016 13:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185718 The Appellate Tribunal upheld the CIT(A)'s decision, granting the trust exemption u/s 11 of the Income Tax Act. The trust's utilization of income for educational purposes and investments aligned with its objectives, as determined by referencing High Court judgments. The Tribunal dismissed the Revenue's appeal, emphasizing the significance of applying income for charitable purposes to qualify for exemption under the Act. Case-Laws Income Tax Tue, 19 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185718