https://www.taxtmi.com/caselaws?id=28021 Section 15B was construed on a substance-over-form basis: expenditure incurred by an assessee to construct school and hospital buildings for a charitable institution, later handed over to that institution or the State, could qualify as a donation in substance even though no cash was paid directly. The same approach applied where the institution came into existence only on completion of the buildings, because the expenditure was earmarked for charitable use and benefited the public. A limited reservation of beds for employees did not alter the dominant charitable character or make the arrangement commercial. en-us Fri, 15 Jan 1982 00:00:00 +0530 Wed, 17 Feb 2010 13:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28021 Section 15B was construed on a substance-over-form basis: expenditure incurred by an assessee to construct school and hospital buildings for a charitable institution, later handed over to that institution or the State, could qualify as a donation in substance even though no cash was paid directly. The same approach applied where the institution came into existence only on completion of the buildings, because the expenditure was earmarked for charitable use and benefited the public. A limited reservation of beds for employees did not alter the dominant charitable character or make the arrangement commercial. Case-Laws Income Tax Fri, 15 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28021