https://www.taxtmi.com/highlights?id=52535 Exemption u/s 11 - Use of accumulated income for different purpose - Treating the amount given to PSWHMMS as the income of the appellant-society in terms of section 11(3)(d) - The argument raised that since there is a restriction only for payment or credit of accumulated amount to a registered Trust or institution recognized under the Act and it would mean that payment can be made to un-registered Trust, institution or to institutions or Trusts not even recognized by the Act as charitable is far-fetched. This would lead to adding words to the provisions of the Statute which is not permissible. - HC en-us Tue, 24 Mar 2020 13:15:29 +0530 Tue, 24 Mar 2020 13:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52535 Exemption u/s 11 - Use of accumulated income for different purpose - Treating the amount given to PSWHMMS as the income of the appellant-society in terms of section 11(3)(d) - The argument raised that since there is a restriction only for payment or credit of accumulated amount to a registered Trust or institution recognized under the Act and it would mean that payment can be made to un-registered Trust, institution or to institutions or Trusts not even recognized by the Act as charitable is far-fetched. This would lead to adding words to the provisions of the Statute which is not permissible. - HC Highlights Income Tax Tue, 24 Mar 2020 13:15:29 +0530 https://www.taxtmi.com/highlights?id=52535