Donations Deduction Allowed Despite Return-Form Constraints

Ramkrishna Bajaj Charitable Trust Vs DCIT (ITAT Mumbai) Dividend Exemption Can’t Be Denied Merely Because Trust Violated s.11(5): ITAT Mumbai Allows s.10(34) Relief to Charitable Trust ITAT Mumbai (D Bench) in Ramkrishna Bajaj Charitable Trust vs DCIT (ITA No. 6544/Mum/2025, AY 2013-14, order dated 24.12.2025) has held that dividend income exempt u/s 10(34) cannot be taxed merely because the charitable trust violated s.11(5) r.w.s. 13(1)(d) by holding shares as investments. The Tribunal ruled that income which is excluded at source under Chapter III (s.10) never enters the computation under ...