https://www.taxtmi.com/caselaws?id=25512 The Supreme Court overturned the High Court's decision regarding the recognition of Kalinga Foundation Trust as a genuine entity for cash credits. The Tribunal's reliance on the High Court's now-reversed decision was deemed inappropriate. The Tribunal was directed to reevaluate the appeal after resolving pending issues on the trust's genuineness. The judgment emphasized the need to address the trust's status and reconsider Tribunal findings in light of the Supreme Court's ruling. The case was concluded without costs, with the Chief Justice concurring with the directive for the Tribunal to revisit the matter post-resolution of pending issues. en-us Thu, 20 Nov 1986 00:00:00 +0530 Fri, 29 Jan 2010 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25512 The Supreme Court overturned the High Court's decision regarding the recognition of Kalinga Foundation Trust as a genuine entity for cash credits. The Tribunal's reliance on the High Court's now-reversed decision was deemed inappropriate. The Tribunal was directed to reevaluate the appeal after resolving pending issues on the trust's genuineness. The judgment emphasized the need to address the trust's status and reconsider Tribunal findings in light of the Supreme Court's ruling. The case was concluded without costs, with the Chief Justice concurring with the directive for the Tribunal to revisit the matter post-resolution of pending issues. Case-Laws Income Tax Thu, 20 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25512