TMI Blog2012 (1) TMI 203X X X X Extracts X X X X X X X X Extracts X X X X ..... g aggrieved by the order of Income Tax Appellate Tribunal, Ahmedabad dated 11.6.2010 ( Tribunal for short) has preferred the present Appeal under section 260-A of the Income Tax Act, 1961 (hereinafter referred to as the Act ) proposing the following questions of law for determination of this Court: Whether on the facts and circumstances of the case, the Appellate Tribunal is justified in all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l income of ₹ 6,04,34,990/-. 3. When challenged before CIT(Appeals), it deleted the amount on the ground that the grant received from the Govt. of Gujarat of ₹ 34,96,48,719/- was permissible to be carried forward and set off against the income of the succeeding year. 4. Revenue challenge the order of CIT(Appeals) before the Tribunal. Tribunal, vide its order dated 11.6.2010, foll ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e or to make use or to put to practical use . Having regard to the provisions of section 11 of the Act, it is clear that when the income of a trust is used or put to use to meet the expenses incurred for religious or charitable purposes, it is applied for charitable or religious purposes. The said application of the income for charitable or religious purposes takes place in the year in which t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ust for charitable and religious purposes in the earlier year against income earned by the trust in the subsequent year will have to be regarded as application of income of the trust for charitable and religious purposes in the subsequent year in which such adjustment has been made having regard to the benevolent provisions contained in section 11 of the Act and will have to be excluded from the i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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