2002 (8) TMI 844 - HC - Income Tax

Summary

The Madras High Court held that the assessee charitable trust was not entitled to exemption under section 11 of the Income Tax Act for the assessment years 1984-85 and 1985-86 due to the conditions in section 11(4A) not being satisfied. The trust was not for religious purposes or an institution, so it did not qualify for the exemption. The judgment favored the revenue and went against the assessee.