https://www.taxtmi.com/caselaws?id=377752 The tribunal allowed the deduction of professional charges and utilization charges paid to trustees by an appellant trust, overturning the disallowance by the Assessing Officer and CIT(A). The tribunal found that the payments were for legitimate services provided by the trustees, not for their direct or indirect benefit, aligning with Section 13(1)(c) of the Income-tax Act, 1961. The judgment emphasizes the importance of assessing whether payments to trustees genuinely relate to services rendered and do not confer undue benefits, clarifying the application of the Act in such scenarios. en-us Wed, 20 Mar 2019 00:00:00 +0530 Wed, 15 May 2019 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377752 The tribunal allowed the deduction of professional charges and utilization charges paid to trustees by an appellant trust, overturning the disallowance by the Assessing Officer and CIT(A). The tribunal found that the payments were for legitimate services provided by the trustees, not for their direct or indirect benefit, aligning with Section 13(1)(c) of the Income-tax Act, 1961. The judgment emphasizes the importance of assessing whether payments to trustees genuinely relate to services rendered and do not confer undue benefits, clarifying the application of the Act in such scenarios. Case-Laws Income Tax Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377752