1978 (6) TMI 72 - AT - Income Tax

Summary

The appeal was filed against the AAC's order refusing exemption under s. 11 of the IT Act due to lack of trust deed and evidence. Appellant presented documents supporting creation of trust. ITAT held intention of settlor is key, ordered ITO to revise assessment considering actual use of property for religious purposes. Relief granted based on income applied for charitable purposes. Appeal accepted, lower authorities' orders set aside.