https://www.taxtmi.com/caselaws?id=398755 The High Court dismissed the appeals, upholding the Tribunal's decisions. It affirmed the Assessing Officer's lack of authority to scrutinize charitable activities once exemption is granted. The court allowed the provision for doubtful debts as expenditure, emphasizing adherence to accounting principles. It found the re-opening of assessment under Section 147 premature and without jurisdiction. The court stressed the commercial computation of trust income and upheld charitable deductions, emphasizing the legal requirement for charitable purposes. en-us Tue, 15 Sep 2020 00:00:00 +0530 Mon, 30 Nov 2020 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398755 The High Court dismissed the appeals, upholding the Tribunal's decisions. It affirmed the Assessing Officer's lack of authority to scrutinize charitable activities once exemption is granted. The court allowed the provision for doubtful debts as expenditure, emphasizing adherence to accounting principles. It found the re-opening of assessment under Section 147 premature and without jurisdiction. The court stressed the commercial computation of trust income and upheld charitable deductions, emphasizing the legal requirement for charitable purposes. Case-Laws Income Tax Tue, 15 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398755