https://www.taxtmi.com/caselaws?id=301970 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the treatment of donations, earmarking of funds, and allowance of carry forward of losses for entities enjoying exemptions under the Income Tax Act. The CIT(A) emphasized the proper utilization of funds for charitable purposes and dismissed the Revenue's arguments, ultimately leading to the dismissal of the Revenue's appeal. en-us Tue, 03 Sep 2019 00:00:00 +0530 Thu, 28 Apr 2022 21:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301970 The Tribunal upheld the CIT(A)'s decision, ruling in favor of the assessee regarding the treatment of donations, earmarking of funds, and allowance of carry forward of losses for entities enjoying exemptions under the Income Tax Act. The CIT(A) emphasized the proper utilization of funds for charitable purposes and dismissed the Revenue's arguments, ultimately leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301970