https://www.taxtmi.com/caselaws?id=273752 The appeal filed by the assessee challenging the denial of exemption under section 11 of the Income Tax Act was dismissed by the ITAT Mumbai. The Trust's violation of section 13(1)(c) r.w.s. 13(3) rendered it ineligible for the claimed exemption. The Tribunal directed a reevaluation of the taxability of corpus donation and expenditure by the Trust. The Revenue's appeal was treated as allowed. The judgment was pronounced on December 16, 2015. en-us Wed, 16 Dec 2015 00:00:00 +0530 Fri, 13 Jul 2018 06:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273752 The appeal filed by the assessee challenging the denial of exemption under section 11 of the Income Tax Act was dismissed by the ITAT Mumbai. The Trust's violation of section 13(1)(c) r.w.s. 13(3) rendered it ineligible for the claimed exemption. The Tribunal directed a reevaluation of the taxability of corpus donation and expenditure by the Trust. The Revenue's appeal was treated as allowed. The judgment was pronounced on December 16, 2015. Case-Laws Income Tax Wed, 16 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273752