https://www.taxtmi.com/caselaws?id=345941 The High Court upheld the Tribunal's decision to cancel the registration of the respondent Trust by the DIT (Exemptions). The appellant's arguments regarding the alleged violations of trust objectives, such as selling land for commercial purposes and routing scholarship payments through another foundation, were not accepted. The Court found that the Trust's actions were in line with its intended purpose, including the purchase of a luxury car for trust purposes. The Tribunal's thorough evaluation of the evidence led to the dismissal of the appeal, as no significant legal issues were raised. en-us Tue, 25 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345941 The High Court upheld the Tribunal's decision to cancel the registration of the respondent Trust by the DIT (Exemptions). The appellant's arguments regarding the alleged violations of trust objectives, such as selling land for commercial purposes and routing scholarship payments through another foundation, were not accepted. The Court found that the Trust's actions were in line with its intended purpose, including the purchase of a luxury car for trust purposes. The Tribunal's thorough evaluation of the evidence led to the dismissal of the appeal, as no significant legal issues were raised. Case-Laws Income Tax Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345941