https://www.taxtmi.com/caselaws?id=388399 Charitable exemption under section 11 could not be denied on the basis of unverified rent comparisons, as the anti-benefit provisions in section 13(2)(b) read with section 13(3) require credible evidence of undervaluation and benefit to specified persons. Royalty income from exploitation of owned patents did not attract the proviso to section 2(15) where the institution's dominant objects were education, medical relief, and relief of the poor. Scholarship payments did not breach section 13(1)(b) because they were not confined to one religious community. Corpus donations retained their capital character and were not taxable as income. en-us Fri, 01 Nov 2019 00:00:00 +0530 Thu, 14 Nov 2019 18:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388399 Charitable exemption under section 11 could not be denied on the basis of unverified rent comparisons, as the anti-benefit provisions in section 13(2)(b) read with section 13(3) require credible evidence of undervaluation and benefit to specified persons. Royalty income from exploitation of owned patents did not attract the proviso to section 2(15) where the institution's dominant objects were education, medical relief, and relief of the poor. Scholarship payments did not breach section 13(1)(b) because they were not confined to one religious community. Corpus donations retained their capital character and were not taxable as income. Case-Laws Income Tax Fri, 01 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388399