https://www.taxtmi.com/caselaws?id=774901 ITAT Delhi partially allowed the assessee trust's appeal regarding exemption under section 11. The tribunal examined donation receipts and current liabilities to determine available income for application. After calculating 85% of total receipts available (Rs. 11,64,66,068/-) against actual application (Rs. 11,54,61,387/-), the tribunal found a short application of Rs. 10,04,681/-. The assessee failed to justify this shortfall, resulting in the addition being restricted to Rs. 10,04,681/- as taxable income in the trust's hands. en-us Wed, 09 Jul 2025 00:00:00 +0530 Wed, 16 Jul 2025 08:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774901 ITAT Delhi partially allowed the assessee trust's appeal regarding exemption under section 11. The tribunal examined donation receipts and current liabilities to determine available income for application. After calculating 85% of total receipts available (Rs. 11,64,66,068/-) against actual application (Rs. 11,54,61,387/-), the tribunal found a short application of Rs. 10,04,681/-. The assessee failed to justify this shortfall, resulting in the addition being restricted to Rs. 10,04,681/- as taxable income in the trust's hands. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774901