Charitable Trust Can Exclude Doctor Fees for Indigent Patient Fund Contribution: Bombay HC

CIT (Exemptions) Vs Sir Kikabhai Premchand Settlement Trust No. XI (Bombay High Court) The Bombay High Court delivered its judgment on the Income Tax Appeal filed under Section 260-A of the Income Tax Act, 1961, by the Revenue against the order dated 27th December 2017 passed by the Income Tax Appellate Tribunal (ITAT) in ITA No. 779/MUM/2017 for AY 2012-13. The appeal challenged the ITAT’s dismissal of the Revenue’s appeal and its confirmation of the order of the Commissioner of Income Tax (Appeals) [CIT(A)], which had set aside the Assessment Order (AO) dated 10th March 2015 passed under...