https://www.taxtmi.com/caselaws?id=417794 The court ruled in favor of the assessee, holding that donations made by a charitable or religious trust to another trust qualify as an application of income under Section 11(1A) of the Income Tax Act. The court affirmed that the inter-trust transfer of sale proceeds is considered income applied for charitable purposes. Additionally, the court upheld the Tribunal's interpretation that income applied for charitable purposes, including inter-trust transfers, falls within the scope of Section 11(1)(a). The appeal by the Revenue was dismissed. en-us Tue, 23 Nov 2021 00:00:00 +0530 Tue, 10 Mar 2026 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417794 The court ruled in favor of the assessee, holding that donations made by a charitable or religious trust to another trust qualify as an application of income under Section 11(1A) of the Income Tax Act. The court affirmed that the inter-trust transfer of sale proceeds is considered income applied for charitable purposes. Additionally, the court upheld the Tribunal's interpretation that income applied for charitable purposes, including inter-trust transfers, falls within the scope of Section 11(1)(a). The appeal by the Revenue was dismissed. Case-Laws Income Tax Tue, 23 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417794