Bench: Shri Manish Borad & Ms. Madhumita Royvirtual Hearing Assessment Year: 2013-14
trust. [CIT v. Sthanakvasi Vardhman Vanik Jain Sangh (2003) 260 ITR 366 (Guj)]. Section 11(4) is merely intended to tax income which is not accounted for in the books: it does not operate to charge a disclosed amount which is admittedly expended, for a purpose either charitable