2 results for “charitable trust”+ Section 245D(4)clear
Sorted by relevance
The appeal are dismissed
Bench: Shri Kuldip Singh & Shri Prashant Maharishi(Through Video Conferencing)
4 case is that the assessee is earning surplus year after year even though the assessee has submitted that it had applied 85% of its income every year for charitable purposes. Once the Commissioner had made the determination that the trust was a charitable one, the AO is not entitled to re-examine the question as to whether the trust