In the result, all the appeals filed by the assessees stand allowed
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm
161, 163 (Bom.) and PCIT vs. Shri Nathji Goverdhan Nathji Charitable Trust (2020) 423 ITR 69, 74 (Cal.) (iii) Expenses out of corpus fund have been claimed towards application (iv) Amounts set apart for specific purposes are found to have been indiscriminately and improperly used. (v) Expenditures incurred have been determined to be not towards the objects of the trust