https://www.taxtmi.com/caselaws?id=781687 ITAT PUNE - AT upheld the Addl/JCIT(A)'s direction that the AO must allow a 15% deduction under s.11(1)(a) of the Act from the trust's gross receipts as an absolute exemption and thereafter apply the remaining income to charitable purposes. The Tribunal found no error in treating the 15% allowance as not susceptible to nullification by s.11(2) adjustments, rejected the Revenue's grounds, and dismissed the appeal. en-us Tue, 04 Nov 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781687 ITAT PUNE - AT upheld the Addl/JCIT(A)'s direction that the AO must allow a 15% deduction under s.11(1)(a) of the Act from the trust's gross receipts as an absolute exemption and thereafter apply the remaining income to charitable purposes. The Tribunal found no error in treating the 15% allowance as not susceptible to nullification by s.11(2) adjustments, rejected the Revenue's grounds, and dismissed the appeal. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781687