https://www.taxtmi.com/caselaws?id=442526 The Tribunal allowed the assessee's appeal partially, granting relief on embezzlement and exemption under Section 11. The addition related to the difference in interest income was upheld. The Department's appeal concerning the non-utilization of Rs. 2 crores was dismissed as the funds were used for educational and charitable purposes in line with the organization's objectives, supported by judicial precedents. en-us Tue, 06 Jun 2023 00:00:00 +0530 Sun, 03 Sep 2023 22:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442526 The Tribunal allowed the assessee's appeal partially, granting relief on embezzlement and exemption under Section 11. The addition related to the difference in interest income was upheld. The Department's appeal concerning the non-utilization of Rs. 2 crores was dismissed as the funds were used for educational and charitable purposes in line with the organization's objectives, supported by judicial precedents. Case-Laws Income Tax Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442526