THE COMMISSIONER OF INCOME TAX, HYD vs. CARGO HANDLING PRIVATE WORKERS POOL, VISAKHAPATNAM

Accordingly, the I.T.T.A. is dismissed

Bench: C.PRAVEEN KUMAR,TARLADA RAJASEKHAR RAO

charitable institution has to be excluded from the taxable income of the assessee in view of clause section (2) and clause (h) is not attracted. We are in agreement with this view.” 28. In view of the above decision, the amounts advanced by the Trust cannot be treated as “investments” and, as such, there is no violation of Section