https://www.taxtmi.com/caselaws?id=418997 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of the assessee Trust for exemption under Section 11(1)(d) of the Income Tax Act on corpus funds. The Tribunal also allowed capital expenditure incurred from corpus funds as an application of income under Section 11(1)(a), dismissing the Revenue's appeal. en-us Fri, 25 Feb 2022 00:00:00 +0530 Tue, 01 Mar 2022 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418997 The Tribunal upheld the CIT(A)'s decision, affirming the eligibility of the assessee Trust for exemption under Section 11(1)(d) of the Income Tax Act on corpus funds. The Tribunal also allowed capital expenditure incurred from corpus funds as an application of income under Section 11(1)(a), dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 25 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418997