https://www.taxtmi.com/caselaws?id=11810 The court ruled in favor of the assessee, holding that the assessee-trust was entitled to exemption under section 11 read with section 161(1) of the Income-tax Act, 1961. The court found that the credit entries made in favor of the Ashram and the subsequent application of the majority of the amounts for the Ashram's benefit were genuine. It was determined that the assessee could be treated as a representative assessee under section 161(1), as the trust operated for the benefit of the Ashram, a charitable trust exempt under section 11. Consequently, the court held that the income received for the benefit of the exempt Ashram was also exempt from tax. en-us Wed, 09 Oct 2002 00:00:00 +0530 Tue, 09 Feb 2010 12:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11810 The court ruled in favor of the assessee, holding that the assessee-trust was entitled to exemption under section 11 read with section 161(1) of the Income-tax Act, 1961. The court found that the credit entries made in favor of the Ashram and the subsequent application of the majority of the amounts for the Ashram's benefit were genuine. It was determined that the assessee could be treated as a representative assessee under section 161(1), as the trust operated for the benefit of the Ashram, a charitable trust exempt under section 11. Consequently, the court held that the income received for the benefit of the exempt Ashram was also exempt from tax. Case-Laws Income Tax Wed, 09 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11810