https://www.taxtmi.com/caselaws?id=409336 The Tribunal upheld the trust's entitlement to exemption under Section 11 of the Income Tax Act, emphasizing that the trust's income applied to charitable or religious purposes qualifies for exemption. It rejected the Assessing Officer's denial of exemption and concluded that donations made by the trust, even if not strictly within its objects, are eligible for exemption under Section 11. The Tribunal affirmed the trust's classification as a public charitable trust and criticized the Assessing Officer for not following the proper procedure in denying the exemption. The Tribunal dismissed the Revenue's appeal, upholding the trust's exemption status without costs. en-us Fri, 02 Jul 2021 00:00:00 +0530 Tue, 14 Sep 2021 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409336 The Tribunal upheld the trust's entitlement to exemption under Section 11 of the Income Tax Act, emphasizing that the trust's income applied to charitable or religious purposes qualifies for exemption. It rejected the Assessing Officer's denial of exemption and concluded that donations made by the trust, even if not strictly within its objects, are eligible for exemption under Section 11. The Tribunal affirmed the trust's classification as a public charitable trust and criticized the Assessing Officer for not following the proper procedure in denying the exemption. The Tribunal dismissed the Revenue's appeal, upholding the trust's exemption status without costs. Case-Laws Income Tax Fri, 02 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409336