https://www.taxtmi.com/caselaws?id=776579 The HC upheld the findings of the NFAC and ITAT, confirming that the trust lawfully accumulated less than 15% of its total receipts under section 11(1)(a) for a specific purpose. The capital expenditure on the building and RO water treatment plant, along with the distribution of solar lanterns, were recognized as part of charitable activities. The Revenue's appeal challenging these factual findings was dismissed, as no substantial question of law or perversity was demonstrated. The exemption under section 11 was thus maintained. en-us Mon, 28 Jul 2025 00:00:00 +0530 Tue, 12 Aug 2025 10:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776579 The HC upheld the findings of the NFAC and ITAT, confirming that the trust lawfully accumulated less than 15% of its total receipts under section 11(1)(a) for a specific purpose. The capital expenditure on the building and RO water treatment plant, along with the distribution of solar lanterns, were recognized as part of charitable activities. The Revenue's appeal challenging these factual findings was dismissed, as no substantial question of law or perversity was demonstrated. The exemption under section 11 was thus maintained. Case-Laws Income Tax Mon, 28 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776579