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Case Law Details

Case Name : DCIT Vs Adarsh Foundation (ITAT Ahmedabad)
Related Assessment Year : 2017-18
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DCIT Vs Adarsh Foundation (ITAT Ahmedabad)

ITAT Ahmedabad held that agreement for transfer of operations, management and movable assets didn’t violated the purpose of charity and hence exemption under section 11 and 12 of the Income Tax Act duly available.

Facts- The assessee, Adarsh Foundation Trust, is registered u/s. 12A(a) of the Income Tax Act. In an effort to address financial difficulties faced by the assessee, and mounting liabilities, the assessee Trust entered into an agreement on April 1, 2008, with SAL Care Pvt. Ltd. (SCPL). The agreement invol

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