Scope of Sec.11 in case of donation by one charitable to another.

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Full Text of the Document

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....of income for charitable purposes in the hands of the donor trust, and the donor will not lose exemption u/s.11 of the I.T.Act, 1961 merely because the donee trust did not apply the donations towards the charitable purposes during the year of receipt itself. 2. The Receipt Audit have expressed doubts about the validity of these instructions and they were of the view this could be a means to avoid....