https://www.taxtmi.com/caselaws?id=434169 The appeal was disposed of with the direction to recompute the income in line with the legal provisions, considering the unutilized amount of charitable income already factored into the computation. The Tribunal upheld that the unutilized amount should be treated as deemed income under section 11(3) of the Income Tax Act, 1961, upon the expiration of the five-year utilization period. en-us Wed, 19 Oct 2022 00:00:00 +0530 Fri, 20 Feb 2026 17:21:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434169 The appeal was disposed of with the direction to recompute the income in line with the legal provisions, considering the unutilized amount of charitable income already factored into the computation. The Tribunal upheld that the unutilized amount should be treated as deemed income under section 11(3) of the Income Tax Act, 1961, upon the expiration of the five-year utilization period. Case-Laws Income Tax Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434169