Case Law Details
Case Name : Pine grove International Charitable Trust Vs Union of India (Punjab & Haryana High Court)
Related Assessment Year :
Courts :
All High Courts Punjab and Haryana HC
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Even if a charitable educational institution having surplus, it doesn’t mean that it is exist for making profits and not solely for educational purposes.
HIGH COURT OF PUNJAB AND HARYANA
Pine grove International Charitable Trust Vs Union of India,
APPEAL NO: CWP No. 6031 of 2009,
DECIDED ON: January 29, 2010
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Dear Sir,
Please let me know whether charitable organisation are eligible to invest there surplus in liquid funds of mutual funds u/s 11(ix) of the income tax act 1961
Dear Sir,
the case provides exhaustive study on Sec 10(23C)(vi) utilisation of funds, and accumulation of surplus U/s 11(2)
Trust ?Sosieties will find it very useful
S K Sharma