https://www.taxtmi.com/caselaws?id=781155 ITAT (Ahmedabad) dismissed the assessee's appeal, denying exemption under s.11(1)(a) for government grants. The tribunal found the grants were specific, earmarked for salaries and NCC activities, not voluntary contributions; unused funds should have been returned to the government. Failure to apply the monies for the designated purpose precludes accumulation under s.11(1)(a), and the doctrine of cy-pres does not permit retention or stockpiling of such earmarked grants. en-us Mon, 25 Aug 2025 00:00:00 +0530 Wed, 12 Nov 2025 08:17:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781155 ITAT (Ahmedabad) dismissed the assessee's appeal, denying exemption under s.11(1)(a) for government grants. The tribunal found the grants were specific, earmarked for salaries and NCC activities, not voluntary contributions; unused funds should have been returned to the government. Failure to apply the monies for the designated purpose precludes accumulation under s.11(1)(a), and the doctrine of cy-pres does not permit retention or stockpiling of such earmarked grants. Case-Laws Income Tax Mon, 25 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781155