https://www.taxtmi.com/caselaws?id=399328 The High Court remitted a case concerning the interpretation of Section 24(a) of the Income Tax Act for a public charitable trust back to lower authorities for fresh consideration. The Court emphasized that tax should be levied on the actual income applied for charitable purposes, in line with Section 11 provisions granting immunity to income of charitable trusts. The Court found that the lower authorities had not properly considered this aspect and quashed the Tribunal's decision. Consequently, the Court did not address the substantial legal questions raised in the appeal, disposing of the case without further adjudication. en-us Mon, 28 Sep 2020 00:00:00 +0530 Wed, 07 Oct 2020 21:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399328 The High Court remitted a case concerning the interpretation of Section 24(a) of the Income Tax Act for a public charitable trust back to lower authorities for fresh consideration. The Court emphasized that tax should be levied on the actual income applied for charitable purposes, in line with Section 11 provisions granting immunity to income of charitable trusts. The Court found that the lower authorities had not properly considered this aspect and quashed the Tribunal's decision. Consequently, the Court did not address the substantial legal questions raised in the appeal, disposing of the case without further adjudication. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399328