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Case Name : Pine grove International Charitable Trust Vs Union of India (Punjab & Haryana High Court)
Related Assessment Year :
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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 RELEVANT PARAGRAPH 6.5 We have prefaced the discussion on provisos with the object of putting the real controversy in its true perspective. The orders passed by the Chief Commissioner are identical in all these cases and after hearing the learned counsel for the parties...
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0 Comments

  1. sanjeev kumar lihala says:

    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

  2. s k sharma says:

    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

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