https://www.taxtmi.com/caselaws?id=351542 The Tribunal justified allowing the benefit of section 11(1) as a charitable trust to the assessee despite surpluses withdrawn under section 13(3) of the I.T. Act. It also upheld the allowability of depreciation under section 32, deletion of foreign traveling expenses, disallowance of interest, and approval under section 80G(5). The Tribunal confirmed salary expenses to a family member and contributions to Jaipur National University as applications of income under section 11. The Rajasthan High Court upheld the Tribunal's decisions, emphasizing the charitable nature of activities and supporting factual findings. The appeals were dismissed. en-us Tue, 03 Oct 2017 00:00:00 +0530 Sat, 29 Jun 2019 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351542 The Tribunal justified allowing the benefit of section 11(1) as a charitable trust to the assessee despite surpluses withdrawn under section 13(3) of the I.T. Act. It also upheld the allowability of depreciation under section 32, deletion of foreign traveling expenses, disallowance of interest, and approval under section 80G(5). The Tribunal confirmed salary expenses to a family member and contributions to Jaipur National University as applications of income under section 11. The Rajasthan High Court upheld the Tribunal's decisions, emphasizing the charitable nature of activities and supporting factual findings. The appeals were dismissed. Case-Laws Income Tax Tue, 03 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351542