119 results for “charitable trust”+ Section 10clear
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Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm
trusts had complied with all three conditions laid down under Section 11(2) of the Act: 1. Form 10 was filed timely specifying the purpose; 2. Funds were invested as per Section 11(5); 3. Accumulated amounts were utilized within five years strictly for declared purposes. Hence, the allegation is false and ought not be upheld. e) Allegation: Capital expenditure