https://www.taxtmi.com/caselaws?id=303962 The Tribunal partly allowed the appeal, confirming the jurisdiction of the CIT(E) under section 263 but directing a reexamination of the trust's income utilization. The AO was instructed to reassess the exemption claim under section 11 based on the actual use of funds for charitable purposes. The stay petition was dismissed, and the order was pronounced on 18th March 2016 in Chennai. en-us Fri, 18 Mar 2016 00:00:00 +0530 Mon, 29 Aug 2022 08:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303962 The Tribunal partly allowed the appeal, confirming the jurisdiction of the CIT(E) under section 263 but directing a reexamination of the trust's income utilization. The AO was instructed to reassess the exemption claim under section 11 based on the actual use of funds for charitable purposes. The stay petition was dismissed, and the order was pronounced on 18th March 2016 in Chennai. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303962