https://www.taxtmi.com/caselaws?id=374664 The Tribunal quashed the CIT's order under Section 263, ruling it without jurisdiction. The appeal filed by the assessee was allowed, emphasizing that the utilization of corpus donations for charitable purposes did not violate Section 11(1)(d) and did not result in any revenue loss. The Tribunal's decision was based on the interpretation of relevant sections and judicial precedents, ensuring that the assessee's actions were within the legal framework. en-us Mon, 04 Feb 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374664 The Tribunal quashed the CIT's order under Section 263, ruling it without jurisdiction. The appeal filed by the assessee was allowed, emphasizing that the utilization of corpus donations for charitable purposes did not violate Section 11(1)(d) and did not result in any revenue loss. The Tribunal's decision was based on the interpretation of relevant sections and judicial precedents, ensuring that the assessee's actions were within the legal framework. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374664