https://www.taxtmi.com/caselaws?id=363505 The ITAT upheld the denial of exemption under Section 11 for a charitable trust due to violations of provisions related to benefiting trustees. Corpus donations were treated as income after exemption denial. Specific ground for A.Y. 2005-06 was not adjudicated as expenses were not added to income. The ITAT directed verification of TDS credit claim for A.Y. 2013-14. Carry forward and set off of losses were allowed under commercial income computation. Loans to trade unions were not added as income. Expenses for trust objects were not treated as income unless proven non-genuine. The ITAT dismissed Revenue's appeals and partly allowed assessee's appeals. en-us Wed, 04 Jul 2018 00:00:00 +0530 Fri, 13 Jul 2018 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363505 The ITAT upheld the denial of exemption under Section 11 for a charitable trust due to violations of provisions related to benefiting trustees. Corpus donations were treated as income after exemption denial. Specific ground for A.Y. 2005-06 was not adjudicated as expenses were not added to income. The ITAT directed verification of TDS credit claim for A.Y. 2013-14. Carry forward and set off of losses were allowed under commercial income computation. Loans to trade unions were not added as income. Expenses for trust objects were not treated as income unless proven non-genuine. The ITAT dismissed Revenue's appeals and partly allowed assessee's appeals. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363505