https://www.taxtmi.com/caselaws?id=371453 The High Court upheld the Income Tax Appellate Tribunal's decision regarding donation disallowance for Assessment Year 2007-08. The Tribunal's ruling, supported by the CIT(A), allowed donations to other Trusts as income application under Section 11, despite being sourced from the corpus fund. The Court affirmed that utilizing corpus funds for charitable purposes did not violate statutory provisions, dismissing the Revenue's appeal as no substantial legal question arose. The appeal was dismissed without costs. en-us Tue, 27 Nov 2018 00:00:00 +0530 Tue, 04 Dec 2018 09:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371453 The High Court upheld the Income Tax Appellate Tribunal's decision regarding donation disallowance for Assessment Year 2007-08. The Tribunal's ruling, supported by the CIT(A), allowed donations to other Trusts as income application under Section 11, despite being sourced from the corpus fund. The Court affirmed that utilizing corpus funds for charitable purposes did not violate statutory provisions, dismissing the Revenue's appeal as no substantial legal question arose. The appeal was dismissed without costs. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371453