https://www.taxtmi.com/caselaws?id=347283 The appeal filed by the Revenue was dismissed by the Appellate Tribunal ITAT DELHI. The Tribunal found that the expenses incurred outside India were allowable as application of income, the funds received from the French Government were not in violation of regulations, the transaction of 'foreign contribution' was not subject to the FCRA, and the interest earned on investments was in compliance with the Income Tax Act. The Tribunal also dismissed the appeal based on additional grounds raised by the assessee society, concluding that there was no illegality or perversity in the findings of the Commissioner of Income-tax (Appeals). en-us Tue, 29 Aug 2017 00:00:00 +0530 Fri, 01 Sep 2017 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347283 The appeal filed by the Revenue was dismissed by the Appellate Tribunal ITAT DELHI. The Tribunal found that the expenses incurred outside India were allowable as application of income, the funds received from the French Government were not in violation of regulations, the transaction of 'foreign contribution' was not subject to the FCRA, and the interest earned on investments was in compliance with the Income Tax Act. The Tribunal also dismissed the appeal based on additional grounds raised by the assessee society, concluding that there was no illegality or perversity in the findings of the Commissioner of Income-tax (Appeals). Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347283