Charitable trust Income should be applied in India only; Tax Payment & Provision for Bad & Doubtful Debts is Income application

HIGH COURT OF DELHI Director of Income-tax (Exemption) v. National Association of Software & Services Companies IT Appeal Nos. 17 to 20, 472, 477, 480, 519 and 520 of 2011 Date – May 10, 2012 JUDGMENT R.V. Easwar, J. – These nine appeals are filed by the Revenue for the assessment years 1998-99, 2002-03, 2003-04, 2004-05, 2005-06 and 2006-07. They have been; filed under Section 260A of the Income Tax Act, 1961, hereinafter referred to as “the Act”. 2. The respondent-assessee is the National Association of Software and Services Companies (NASSOM). Th...