https://www.taxtmi.com/caselaws?id=367957 The appeal against the assessment order under section 143(3) of the Income Tax Act, 1961 for the assessment year 2009-2010 was dismissed by the Tribunal. The disallowance of expenses related to education & charity fund, provision for loan loss, and capacity building fund, totaling &8377; 71,07,127, was upheld. The Tribunal emphasized the requirement for actual expenditure to qualify as application of income for charitable purposes, citing decisions of various High Courts and the Supreme Court. en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367957 The appeal against the assessment order under section 143(3) of the Income Tax Act, 1961 for the assessment year 2009-2010 was dismissed by the Tribunal. The disallowance of expenses related to education & charity fund, provision for loan loss, and capacity building fund, totaling &8377; 71,07,127, was upheld. The Tribunal emphasized the requirement for actual expenditure to qualify as application of income for charitable purposes, citing decisions of various High Courts and the Supreme Court. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367957