74 results for “charitable trust”+ Section 119clear
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In the result, all the appeals of the revenue are dismissed
Bench: Shri Arun Kumar Garodiaand Shri Laliet Kumar
charitable and religious purposes in the subsequent year in which adjustment has been made having regard to the benevolent provisions contained in s. 11 of the Act and that such adjustment will have to be excluded from the income of the trust under s. 11(1)(a) of the Act. Our view is also supported by the judgment