Tag Archives: Donation

Donation by charitable trust to another charitable trust allowed as application of income

By | June 8, 2016

Held We hold that when the donation given by one trust to another trust out of current year’s income is permitted in section 11 of the Act as an application of income, the same cannot be curtailed by another provision of the Act (i.e section 13(1)(c ) (ii) read with section 13(3) of the Act)… Read More »