https://www.taxtmi.com/caselaws?id=467798 Expenditure incurred for charitable objects can qualify for deduction under section 57(iii) when it is laid out wholly and exclusively for earning income from other sources. A charitable institution assessed under that head, having not claimed sections 11 and 12, claimed deductions for donations and related outgoings paid to eligible trusts and institutions. The ITAT held that section 57(iii) must be construed broadly and accepted the evidence that the payments were connected with the assessee's charitable purposes. The Revenue's reliance on contrary authority was distinguished on facts, and the disallowance was deleted in favour of the assessee. en-us Tue, 10 Jan 2023 00:00:00 +0530 Fri, 03 Apr 2026 16:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467798 Expenditure incurred for charitable objects can qualify for deduction under section 57(iii) when it is laid out wholly and exclusively for earning income from other sources. A charitable institution assessed under that head, having not claimed sections 11 and 12, claimed deductions for donations and related outgoings paid to eligible trusts and institutions. The ITAT held that section 57(iii) must be construed broadly and accepted the evidence that the payments were connected with the assessee's charitable purposes. The Revenue's reliance on contrary authority was distinguished on facts, and the disallowance was deleted in favour of the assessee. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467798