https://www.taxtmi.com/caselaws?id=295339 The Tribunal dismissed the Assessee's appeal against the rejection of their application for renewal of exemption under section 80G(5) due to advancing corpus funds to other trusts without permission from the Charity Commissioner. The Tribunal found that the advances constituted a diversion of corpus funds, violating donor directions and laws, as the corpus fund was used to advance funds without proper authorization. Previous case laws cited were distinguished, and the order of the DIT(E) rejecting the Assessee's application for renewal of exemption was upheld. en-us Fri, 13 Sep 2013 00:00:00 +0530 Sat, 29 May 2021 14:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295339 The Tribunal dismissed the Assessee's appeal against the rejection of their application for renewal of exemption under section 80G(5) due to advancing corpus funds to other trusts without permission from the Charity Commissioner. The Tribunal found that the advances constituted a diversion of corpus funds, violating donor directions and laws, as the corpus fund was used to advance funds without proper authorization. Previous case laws cited were distinguished, and the order of the DIT(E) rejecting the Assessee's application for renewal of exemption was upheld. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295339