Case Law Details
Case Name : DCIT Vs M/s Divya Yog Mandir Trust (ITAT Delhi)
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All ITAT ITAT Delhi
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DCIT Vs M/s Divya Yog Mandir Trust (ITAT Delhi)
Exemption under section 11 was allowable on inter-trust donation by one charitable trust to another for utilization towards charitable objects.
Conclusion: Inter-trust donation by one charitable trust to another for utilization by the donee trust towards charitable objects was proper application of income for charitable purpose in the hands of donee trust and it would not affect the exemption claimed by assessee u/s 11 in any manner whatsoever nor inter-trust donation could be termed as deviation from its objects .
Held: Assessee-trust being regi...
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Whether there are any other case laws in favour of assessee??