https://www.taxtmi.com/caselaws?id=288487 The Tribunal upheld the decision of the Ld. CIT(A) in favor of the assessee, allowing exemption under section 11(1) of the Income Tax Act for applying capital gains to charitable purposes. The Tribunal dismissed the Revenue's appeal, emphasizing the importance of utilizing income for charitable activities and confirming that the assessee's actions were compliant with the law. en-us Fri, 09 Sep 2016 00:00:00 +0530 Wed, 10 Jun 2020 20:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288487 The Tribunal upheld the decision of the Ld. CIT(A) in favor of the assessee, allowing exemption under section 11(1) of the Income Tax Act for applying capital gains to charitable purposes. The Tribunal dismissed the Revenue's appeal, emphasizing the importance of utilizing income for charitable activities and confirming that the assessee's actions were compliant with the law. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288487