https://www.taxtmi.com/caselaws?id=7821 The High Court ruled against the assessee, determining that it did not meet the criteria to be considered a charitable institution under section 11(1) of the Income-tax Act, 1961. The surplus funds were not classified as "property" held under a trust for charitable purposes. Additionally, the purposes outlined in the trust deed did not entirely align with the definition of "charitable purposes" under section 2(15). The court also dismissed the application under section 258, directing each party to bear its own costs. en-us Thu, 27 Feb 1969 00:00:00 +0530 Thu, 19 Mar 2009 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7821 The High Court ruled against the assessee, determining that it did not meet the criteria to be considered a charitable institution under section 11(1) of the Income-tax Act, 1961. The surplus funds were not classified as "property" held under a trust for charitable purposes. Additionally, the purposes outlined in the trust deed did not entirely align with the definition of "charitable purposes" under section 2(15). The court also dismissed the application under section 258, directing each party to bear its own costs. Case-Laws Income Tax Thu, 27 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7821