https://www.taxtmi.com/caselaws?id=778541 ITAT JAIPUR - AT allowed the appeal, holding that the trust's set-aside of Rs.95,00,000 for charitable purposes and timely filing of Form 10 satisfied s.11(2) requirements and that funds held in a scheduled bank on 31.03.2018-later placed in FDs on 07.04.2018 and 09.04.2018-met the investment expectations of s.11(5). The tribunal found no misapplication or deviation from trust objects and ruled that denial of exemption on procedural timing grounds was unjustified. en-us Mon, 15 Sep 2025 00:00:00 +0530 Mon, 23 Feb 2026 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778541 ITAT JAIPUR - AT allowed the appeal, holding that the trust's set-aside of Rs.95,00,000 for charitable purposes and timely filing of Form 10 satisfied s.11(2) requirements and that funds held in a scheduled bank on 31.03.2018-later placed in FDs on 07.04.2018 and 09.04.2018-met the investment expectations of s.11(5). The tribunal found no misapplication or deviation from trust objects and ruled that denial of exemption on procedural timing grounds was unjustified. Case-Laws Income Tax Mon, 15 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778541