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Charitable Trusts Can Claim Exam & License Fees Paid Abroad as Application of Income
Case Law Details
- Case Name
- Institute of Chartered Shipbrokers Vs DDIT (Exemptions) (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All ITAT, ITAT Chennai
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Institute of Chartered Shipbrokers Vs DDIT (Exemptions) (ITAT Chennai)
ITAT Chennai Allows Application of Income on Payments to ICS London – Shipbrokers Institute Gets Relief
ITAT ruled that exam fees and related payments to overseas institutes, when benefiting Indian students, constitute valid application of income in India under Section 11, rejecting Revenue’s disallowance. The Tribunal held that payments towards books, exam fees, and license fees for Indian students’ education abroad qualify as application of income under Section 11, as the benefit accrues in India. D...
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