https://www.taxtmi.com/caselaws?id=377324 The Tribunal upheld the CIT(A)'s decision regarding the violation of Section 11(5)(x) on investment in immovable property and the application of less than 85% of receipts for charitable purposes. It directed the AO to allow the carry forward of losses to subsequent assessment years, emphasizing compliance with investment regulations, recognition of corpus donations, and the permissibility of carrying forward losses for charitable trusts. The Departmental appeal was dismissed, and the assessee's cross-objection was allowed for statistical purposes. en-us Tue, 01 Jan 2019 00:00:00 +0530 Thu, 28 Mar 2019 06:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377324 The Tribunal upheld the CIT(A)'s decision regarding the violation of Section 11(5)(x) on investment in immovable property and the application of less than 85% of receipts for charitable purposes. It directed the AO to allow the carry forward of losses to subsequent assessment years, emphasizing compliance with investment regulations, recognition of corpus donations, and the permissibility of carrying forward losses for charitable trusts. The Departmental appeal was dismissed, and the assessee's cross-objection was allowed for statistical purposes. Case-Laws Income Tax Tue, 01 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377324