7 results for “charitable trust”+ Section 43(1)clear
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Bench: Shri Chandra Poojari & Smt. Beena Pillai
section(1) is clearly the restriction of 25% of the accumulated income (or Rs 10,000/-, whichever is higher) being exempt. If more than 25% (or Rs.10,000), is tobe exempted then the assessee has to comply with the conditions prescribed u/s 11(2).” v. CIT & Another vs ALN Rao Charitable Trust 216 ITR 697: ITA Nos.88 TO 91/Coch/2022 Jubilee