https://www.taxtmi.com/caselaws?id=273033 The Tribunal upheld the exemption under section 10(23C)(iv) and the treatment of capital expenditure as an application of income, based on the approval granted to the assessee. The decision was supported by legal precedents emphasizing the importance of assessing trust/institution activities and objectives. The appeal was dismissed as no substantial question of law arose, affirming the decisions of the Commissioner of Income-tax (Appeals) and the Tribunal. en-us Fri, 14 Jul 2017 00:00:00 +0530 Fri, 01 Jun 2018 00:35:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273033 The Tribunal upheld the exemption under section 10(23C)(iv) and the treatment of capital expenditure as an application of income, based on the approval granted to the assessee. The decision was supported by legal precedents emphasizing the importance of assessing trust/institution activities and objectives. The appeal was dismissed as no substantial question of law arose, affirming the decisions of the Commissioner of Income-tax (Appeals) and the Tribunal. Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273033