https://www.taxtmi.com/caselaws?id=787083 Section 13(2)(e), read with Section 13(3), may deny exemption under Sections 11 and 12 only where property is purchased from a specified person for more than adequate consideration and that person meets the statutory substantial-interest test. Separate legal identities must be respected: shareholdings of an individual, HUF and corporate entity cannot be aggregated merely because of office-bearer relationships, directorships or alleged control. Substantial interest requires the prescribed voting-power threshold to be satisfied under the statutory criteria. Aggregation of distinct persons' holdings without meeting those criteria cannot support disqualification of charitable exemption. en-us Fri, 06 Feb 2026 00:00:00 +0530 Tue, 24 Feb 2026 12:32:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787083 Section 13(2)(e), read with Section 13(3), may deny exemption under Sections 11 and 12 only where property is purchased from a specified person for more than adequate consideration and that person meets the statutory substantial-interest test. Separate legal identities must be respected: shareholdings of an individual, HUF and corporate entity cannot be aggregated merely because of office-bearer relationships, directorships or alleged control. Substantial interest requires the prescribed voting-power threshold to be satisfied under the statutory criteria. Aggregation of distinct persons' holdings without meeting those criteria cannot support disqualification of charitable exemption. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787083