https://www.taxtmi.com/caselaws?id=470895 Expenditure by a charitable trust for the benefit of a person specified under section 13(3), for which section 11 exemption is unavailable, must be excluded from the expenditure claimed as charitable application of income. It is not to be separately added to total income. Where the resulting net income is absorbed by permissible accumulation, total income remains nil. Interest received on a corpus donation carrying a direction to provide medical assistance to patients recommended by the donor does not alter this computational treatment where the donor is a specified person. en-us Thu, 27 Mar 2025 00:00:00 +0530 Wed, 12 Aug 2026 21:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470895 Expenditure by a charitable trust for the benefit of a person specified under section 13(3), for which section 11 exemption is unavailable, must be excluded from the expenditure claimed as charitable application of income. It is not to be separately added to total income. Where the resulting net income is absorbed by permissible accumulation, total income remains nil. Interest received on a corpus donation carrying a direction to provide medical assistance to patients recommended by the donor does not alter this computational treatment where the donor is a specified person. Case-Laws Income Tax Thu, 27 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470895