Bench: Shri A. D. Jain & Dr. Mitha Lal Meenashree Teekam Chand Educational Vs..Cit -1 & Charitable Trust Society Agra. 22, Nehru Nagar, Agra. Panno.Aakts2145Q (Assessee) (Revenue)
section 13 of the I.T. Act, as such. In ‘S.R.M. M. CT. M. Tiruppani Trust vs. CIT’, 230 ITR 636 (SC), it has 10. been held that money having been spent on acquisition of assets for educational institution amounts to application of funds for charitable