https://www.taxtmi.com/caselaws?id=411834 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the utilization of unspent accumulated surplus for general purposes by a Charitable Trust. The ITAT found no error in the CIT(A)'s interpretation of Section 11(2) and 11(3) of the Act, emphasizing that the unspent amount could be utilized for general purposes based on legal precedents. The Revenue's appeal was dismissed, affirming the allowance of the unspent surplus for general purposes by the Charitable Trust. en-us Wed, 25 Aug 2021 00:00:00 +0530 Sat, 04 Sep 2021 08:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411834 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding the utilization of unspent accumulated surplus for general purposes by a Charitable Trust. The ITAT found no error in the CIT(A)'s interpretation of Section 11(2) and 11(3) of the Act, emphasizing that the unspent amount could be utilized for general purposes based on legal precedents. The Revenue's appeal was dismissed, affirming the allowance of the unspent surplus for general purposes by the Charitable Trust. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411834