https://www.taxtmi.com/caselaws?id=15533 The Court held that nuns working in a convent, who make over their earnings to a society for maintenance, are eligible for exemption under section 11 of the IT Act. The focus should be on the substance of the transaction rather than just the form of the account. The Court emphasized that in matters of taxation, the real nature of the transaction is crucial, especially in dealing with charities. Therefore, the society, as a charitable institution, was entitled to the exemption against the Revenue's denial. en-us Mon, 10 Aug 1998 00:00:00 +0530 Tue, 25 Aug 2009 17:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15533 The Court held that nuns working in a convent, who make over their earnings to a society for maintenance, are eligible for exemption under section 11 of the IT Act. The focus should be on the substance of the transaction rather than just the form of the account. The Court emphasized that in matters of taxation, the real nature of the transaction is crucial, especially in dealing with charities. Therefore, the society, as a charitable institution, was entitled to the exemption against the Revenue's denial. Case-Laws Income Tax Mon, 10 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15533