https://www.taxtmi.com/caselaws?id=362625 The Tribunal allowed the appeal of the assessee and quashed the revisional order passed by the CIT(E). It held that the CIT(E)'s direction to disallow the income tax payment was legally untenable, as judicial precedents supported allowing such deductions for charitable trusts. The Tribunal emphasized that events in subsequent years should not impact the assessment of the relevant year and noted that even after disallowing the tax payment, the total income remained 'NIL,' indicating no prejudice to the Revenue. en-us Wed, 27 Jun 2018 00:00:00 +0530 Fri, 29 Jun 2018 07:17:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362625 The Tribunal allowed the appeal of the assessee and quashed the revisional order passed by the CIT(E). It held that the CIT(E)'s direction to disallow the income tax payment was legally untenable, as judicial precedents supported allowing such deductions for charitable trusts. The Tribunal emphasized that events in subsequent years should not impact the assessment of the relevant year and noted that even after disallowing the tax payment, the total income remained 'NIL,' indicating no prejudice to the Revenue. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362625