Section 11 exemption on donation by a charitable trust to others for utilization towards charitable objects.

ITO Vs Rajasthan Cricket Association (ITAT Jaipur) Conclusion: Inter-trust donations from one charitable trust to another for utilization by the donee trust for charitable purposes was proper application of income for charitable purposes in the hands of the donee trust and it would not affect the exemption claimed as application by the Donor trust. Held: During the year under consideration, assessee had given grants to various district cricket association in the nature of subsidy, grants for infrastructure development and for buying cricket equipments. AO disallowed the same primarily for the ...