https://www.taxtmi.com/caselaws?id=768499 The SC dismissed the special leave petition challenging the rejection of revision under Section 264, upholding the denial of exemption under Section 11 to the assessee. The Court affirmed that the mere deduction of TDS by the donor under Sections 194C and 194J does not preclude the assessee from claiming benefits under Sections 11 and 12, unless specifically barred by the proviso to Section 2(15), which was not applicable here. The revisional authority's concurrence with the AO's classification of the assessee's foundation under the sixth limb of Section 2(15) was maintained. The Court declined to interfere, and all pending applications were disposed of. en-us Fri, 04 Apr 2025 00:00:00 +0530 Mon, 04 Aug 2025 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768499 The SC dismissed the special leave petition challenging the rejection of revision under Section 264, upholding the denial of exemption under Section 11 to the assessee. The Court affirmed that the mere deduction of TDS by the donor under Sections 194C and 194J does not preclude the assessee from claiming benefits under Sections 11 and 12, unless specifically barred by the proviso to Section 2(15), which was not applicable here. The revisional authority's concurrence with the AO's classification of the assessee's foundation under the sixth limb of Section 2(15) was maintained. The Court declined to interfere, and all pending applications were disposed of. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768499