https://www.taxtmi.com/caselaws?id=393197 The High Court upheld the decision of the lower authorities in a case involving the interpretation of Section 13 of the Income Tax Act, 1961. The Assessing Officer had denied exemption under Section 11 to a charitable trust for diverting funds to an excluded person, but the first appellate authority ruled in favor of the trust, finding no benefit derived by the excluded person. The Tribunal and High Court affirmed this decision, emphasizing the trust's use of leased assets for charitable purposes. The Court dismissed the revenue's appeal, stating that the issues were questions of fact with concurrent findings and awarded no costs. en-us Tue, 04 Feb 2020 00:00:00 +0530 Sat, 07 Mar 2020 10:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393197 The High Court upheld the decision of the lower authorities in a case involving the interpretation of Section 13 of the Income Tax Act, 1961. The Assessing Officer had denied exemption under Section 11 to a charitable trust for diverting funds to an excluded person, but the first appellate authority ruled in favor of the trust, finding no benefit derived by the excluded person. The Tribunal and High Court affirmed this decision, emphasizing the trust's use of leased assets for charitable purposes. The Court dismissed the revenue's appeal, stating that the issues were questions of fact with concurrent findings and awarded no costs. Case-Laws Income Tax Tue, 04 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393197