https://www.taxtmi.com/caselaws?id=797287 For charitable trusts, capital gains treated as deemed application of income may be computed using indexed cost of acquisition where long-term capital gains are reinvested in another capital asset. The 15% accumulation entitlement operates independently of deemed application of capital gains, so both benefits may be claimed where charitable-income application requirements are met; this is not an impermissible double deduction. Donations from accumulated income to other trusts require factual verification, including whether recipient trusts hold the required registration or exemption status and whether supporting evidence substantiates the claim. en-us Tue, 03 Feb 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797287 For charitable trusts, capital gains treated as deemed application of income may be computed using indexed cost of acquisition where long-term capital gains are reinvested in another capital asset. The 15% accumulation entitlement operates independently of deemed application of capital gains, so both benefits may be claimed where charitable-income application requirements are met; this is not an impermissible double deduction. Donations from accumulated income to other trusts require factual verification, including whether recipient trusts hold the required registration or exemption status and whether supporting evidence substantiates the claim. Case-Laws Income Tax Tue, 03 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797287