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Case Law Details

Case Name : Delhi State Aids Control Vs ITO (ITAT Delhi)
Related Assessment Year : 2006- 07
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Whether the advances made by one trust to another trust registered u/s 12A of the Act and used by that trust for charitable purpose would qualify for exemption u/s 11 of the Act by the first trust irrespective of accounting treatment followed?

The assessee is a registered society u/s 12A of the Act and it is a Govt. organization under the Govt

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0 Comments

  1. nagesh kini says:

    This indeed is a very appropriate verdict that deserves the widest possible publicity among all charitable trusts. It now clears the air as to what constitutes “Application of Funds” and to be allowed as such.

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