https://www.taxtmi.com/caselaws?id=11306 The High Court upheld the decision that the trust was ineligible for exemption under section 11(1)(a) of the Income-tax Act as it had spent more from the charity fund than the income generated. The court ruled in favor of the Revenue, denying the exemption to the trust and disposing of the reference accordingly. en-us Thu, 23 Jan 2003 00:00:00 +0530 Thu, 06 Aug 2009 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11306 The High Court upheld the decision that the trust was ineligible for exemption under section 11(1)(a) of the Income-tax Act as it had spent more from the charity fund than the income generated. The court ruled in favor of the Revenue, denying the exemption to the trust and disposing of the reference accordingly. Case-Laws Income Tax Thu, 23 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11306