Expense on Charity not entitled to exemption if it not as per objects

Brief of the Case: Delhi High Court In the case of  Mool Chand Khairati Ram Trust vs DIT (Exemptions) viewed that it was not possible to accept that grant of exemption to the Assessee for the past several decades was palpably erroneous and successive AOs were wrong in accepting that the activities of the Assessee were in furtherance of its charitable objects, entitling the Assessee to escape the levy of income tax. Therefore, it was inter-alia held that the Assessee would not be entitled to exemption under Section 11 of the IT Act if i

Please become a Premium member. If you are already a Premium member, login here to access the full content.