https://www.taxtmi.com/caselaws?id=10986 The High Court ruled in favor of the assessee regarding the application of donated amounts to charitable purposes under section 11(1)(a) of the Income-tax Act. The court held that even when a charitable trust donates to another trust with conditions, it still qualifies as applying income for charitable purposes. On the issue of lending sums without adequate security under section 13(2)(a) of the Act, the court found it to be more fact-specific and did not provide a specific answer, as the Tribunal had already assessed the situation and determined that adequate interest had been provided. en-us Thu, 06 May 2004 00:00:00 +0530 Tue, 28 Jul 2009 18:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10986 The High Court ruled in favor of the assessee regarding the application of donated amounts to charitable purposes under section 11(1)(a) of the Income-tax Act. The court held that even when a charitable trust donates to another trust with conditions, it still qualifies as applying income for charitable purposes. On the issue of lending sums without adequate security under section 13(2)(a) of the Act, the court found it to be more fact-specific and did not provide a specific answer, as the Tribunal had already assessed the situation and determined that adequate interest had been provided. Case-Laws Income Tax Thu, 06 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10986