https://www.taxtmi.com/highlights?id=38572 Exemption available u/s 11(1)(a) - the word applied need not necessarily imply spent. Even if the income is irretrievably earmarked and allocated for the charitable or religious purposes or purposes it may be under section 11 (1)(a) of the Act. - AT en-us Sat, 24 Mar 2018 08:38:40 +0530 Sat, 24 Mar 2018 08:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38572 Exemption available u/s 11(1)(a) - the word applied need not necessarily imply spent. Even if the income is irretrievably earmarked and allocated for the charitable or religious purposes or purposes it may be under section 11 (1)(a) of the Act. - AT Highlights Income Tax Sat, 24 Mar 2018 08:38:40 +0530 https://www.taxtmi.com/highlights?id=38572