https://www.taxtmi.com/caselaws?id=449767 ITAT Bangalore upheld exemption u/s 11 for a trust, rejecting AO's denial of charitable status. The tribunal confirmed that serving a specific section of public constitutes charitable purpose under s. 2(15), noting the trust had valid 12AA and 80G approvals. However, corpus donation receipts were remanded to AO for fresh examination per jurisdictional HC precedent. The tribunal also confirmed taxation of memento expenses to association officials under s. 13(1)(c), ruling such expenditure didn't serve charitable purposes and violated trust provisions. en-us Tue, 02 Jan 2024 00:00:00 +0530 Wed, 04 Dec 2024 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449767 ITAT Bangalore upheld exemption u/s 11 for a trust, rejecting AO's denial of charitable status. The tribunal confirmed that serving a specific section of public constitutes charitable purpose under s. 2(15), noting the trust had valid 12AA and 80G approvals. However, corpus donation receipts were remanded to AO for fresh examination per jurisdictional HC precedent. The tribunal also confirmed taxation of memento expenses to association officials under s. 13(1)(c), ruling such expenditure didn't serve charitable purposes and violated trust provisions. Case-Laws Income Tax Tue, 02 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449767