https://www.taxtmi.com/caselaws?id=299404 The Tribunal allowed the appeal, ruling that the CIT's invocation of Section 263 was without jurisdiction. It concluded that there was no loss to the Revenue and the utilization of corpus donations did not violate Section 11(1)(d) of the Income Tax Act. The Tribunal emphasized that the conditions for invoking Section 263 were not met, and the CIT's order was quashed. en-us Mon, 04 Feb 2019 00:00:00 +0530 Tue, 14 Dec 2021 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299404 The Tribunal allowed the appeal, ruling that the CIT's invocation of Section 263 was without jurisdiction. It concluded that there was no loss to the Revenue and the utilization of corpus donations did not violate Section 11(1)(d) of the Income Tax Act. The Tribunal emphasized that the conditions for invoking Section 263 were not met, and the CIT's order was quashed. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299404