https://www.taxtmi.com/caselaws?id=389607 Payment by one charitable trust to another trust with identical charitable objects was treated as application of income for charitable purposes under the governing statutory framework. The expenditure was made for development and expansion of the university, and the statute expressly contemplated funding support between the entities. Relying on the jurisdictional High Court view, the analysis states that a donor trust does not lose section 11 exemption merely because the recipient trust retains or applies the amount according to its own charitable needs. The Revenue's challenge therefore failed, and the addition was deleted. en-us Mon, 02 Dec 2019 00:00:00 +0530 Thu, 12 Dec 2019 12:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389607 Payment by one charitable trust to another trust with identical charitable objects was treated as application of income for charitable purposes under the governing statutory framework. The expenditure was made for development and expansion of the university, and the statute expressly contemplated funding support between the entities. Relying on the jurisdictional High Court view, the analysis states that a donor trust does not lose section 11 exemption merely because the recipient trust retains or applies the amount according to its own charitable needs. The Revenue's challenge therefore failed, and the addition was deleted. Case-Laws Income Tax Mon, 02 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389607