2000 (11) TMI 4

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....and Ms. Sushma Suri, Adv. For the Respondent (s) Mr. S. Muralidhar, Adv. ORDER BY THE COURT :--- The questions that were referred to the High Court for consideration, at the instance of the Revenue, read thus: "(1) Whether, on the facts and in the circumstances of the case and on an interpretation of the relevant provisions of the IT Act, the assessee is entitled to exemption at 25 per cent ....

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....should be the income of the trust or it should be its total income as determined for the purposes of assessment to income-tax. This question has to be answered in the light of these facts : The assessee-trust received donations in the aggregate sum of Rs. 2,57,376. It applied thereout for its charitable purposes the aggregate sum of Rs. 1,70,369 leaving a balance of Rs. 87,010. The question is whe....