https://www.taxtmi.com/caselaws?id=396370 The Tribunal upheld the exemption under Sections 11 and 12 of the Income Tax Act for a charitable trust's activities, despite challenges from the Revenue regarding commercializing education and lack of approvals. However, a corpus donation of Rs. 1.30 crores received by the trust was not granted tax benefits due to the absence of specific donor directions, as required by Section 11(1)(d) of the Act. The matter was remanded for the trust to provide the necessary donor direction within 60 days, failing which the contribution would be treated as voluntary, impacting the trust's eligibility for tax benefits under Sections 11 and 12. en-us Mon, 29 Jun 2020 00:00:00 +0530 Thu, 02 Jul 2020 08:39:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396370 The Tribunal upheld the exemption under Sections 11 and 12 of the Income Tax Act for a charitable trust's activities, despite challenges from the Revenue regarding commercializing education and lack of approvals. However, a corpus donation of Rs. 1.30 crores received by the trust was not granted tax benefits due to the absence of specific donor directions, as required by Section 11(1)(d) of the Act. The matter was remanded for the trust to provide the necessary donor direction within 60 days, failing which the contribution would be treated as voluntary, impacting the trust's eligibility for tax benefits under Sections 11 and 12. Case-Laws Income Tax Mon, 29 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396370