https://www.taxtmi.com/caselaws?id=464372 ITAT upheld CIT(A)'s allowance and dismissed Revenue's appeals. The AO's invocation of s.13 for A.Y.2014-15 was unjustified absent year-specific findings that specified persons received undue benefit; examination under ss.11-12 is annual and prior orders are irrelevant without fresh evidence of deviation from objects. Donations to a recognized charitable foundation were treated as valid application of income under the Act (including s.2(15) principles), with no finding of corpus funding or use of accumulated funds. Consequently, denial of exemption and disallowance of the payments were rejected. en-us Thu, 25 Jul 2024 00:00:00 +0530 Sat, 25 Oct 2025 17:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464372 ITAT upheld CIT(A)'s allowance and dismissed Revenue's appeals. The AO's invocation of s.13 for A.Y.2014-15 was unjustified absent year-specific findings that specified persons received undue benefit; examination under ss.11-12 is annual and prior orders are irrelevant without fresh evidence of deviation from objects. Donations to a recognized charitable foundation were treated as valid application of income under the Act (including s.2(15) principles), with no finding of corpus funding or use of accumulated funds. Consequently, denial of exemption and disallowance of the payments were rejected. Case-Laws Income Tax Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464372