Mumbai Tribunal deprecates Tax Authority's action in disallowing claim for application of income by way of donation to foreign universities approved by CBDT
Last updated: 23 April 2022
Court :
ITAT Mumbai
Brief :
In the case of Tata Education and Development Trust (Taxpayer), the Mumbai Tribunal held that the amount spent for charitable purposes outside India, which is approved by the Central Board of Direct Taxes (CBDT), is allowable as qualifying application of income in the hands of the charitable trust.
Citation :
Mumbai Income Tax Appellate Tribunal (Tribunal), dated 24 July 2020,
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 366
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