https://www.taxtmi.com/caselaws?id=753473 Delhi HC held that temporary donations made by a charitable institution to other charitable entities for less than two months, which were subsequently retrieved, did not violate Section 11(3) provisions. The court distinguished this case from permanent endowments, noting that since the donations were reversed within an extremely short duration and the money remained available for charitable application, the adverse consequences of Section 11(3) were not attracted. The Tribunal's decision favoring the assessee was upheld, rejecting the appellant's reliance on distinguishable precedent regarding Section 80T deductions. en-us Fri, 31 May 2024 00:00:00 +0530 Sat, 01 Jun 2024 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753473 Delhi HC held that temporary donations made by a charitable institution to other charitable entities for less than two months, which were subsequently retrieved, did not violate Section 11(3) provisions. The court distinguished this case from permanent endowments, noting that since the donations were reversed within an extremely short duration and the money remained available for charitable application, the adverse consequences of Section 11(3) were not attracted. The Tribunal's decision favoring the assessee was upheld, rejecting the appellant's reliance on distinguishable precedent regarding Section 80T deductions. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753473