3 results for “charitable trust”+ Section 25clear
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In the result, the appeal is partly allowed for statistical purposes
Bench: Shri Anadee Nath Misshra
section 11(3) of the Income-tax Act, 1961, should be allowed to play to the fullest extent and there is no warrant to take a restricted view for denying the exemption which is specifically allowed by the statute. In fact, as per the law as stood from April 1, 1976, charitable trusts are permitted to accumulate up to 25