5 results for “charitable trust”+ Section 201clear
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In the result, the assessee’s appeal is partly allowed
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 618/Asr/2017 Assessment Year: 2014-15
section 11(3) only delineate the same. That is, it is not the income derived from property held under trust, for which it is entitled to exemption where applied to the extent of at least 85% for charitable purposes in the year in which it arises, or, in the alternative, is to be, subject to the procedure to be followed