https://www.taxtmi.com/caselaws?id=8788 The court ruled in favor of the assessee, a fabric manufacturing company, stating that cloth donations to charitable institutions are eligible for exemption under section 88 of the Income-tax Act, 1961. The court emphasized the need to consider the substance of the transaction and the purpose of the provision, highlighting that donations in kind should not be excluded from the exemption. The decision aligned with previous case law supporting donations in kind and awarded costs and advocate's fee to the assessee. en-us Wed, 14 Jun 1972 00:00:00 +0530 Thu, 04 Jun 2009 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8788 The court ruled in favor of the assessee, a fabric manufacturing company, stating that cloth donations to charitable institutions are eligible for exemption under section 88 of the Income-tax Act, 1961. The court emphasized the need to consider the substance of the transaction and the purpose of the provision, highlighting that donations in kind should not be excluded from the exemption. The decision aligned with previous case law supporting donations in kind and awarded costs and advocate's fee to the assessee. Case-Laws Income Tax Wed, 14 Jun 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8788