TMI Blog1999 (3) TMI 24X X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue, the following questions of law have been referred to us for our consideration : "(a) Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the donations of Rs. 7,25,000 made by the assessee to other institutions would tantamount to application of income for charitable purposes, thus, satisfying the requirements of section 11 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the case of CIT v. Thanthi Trust [1982] 137 ITR 735 has held that the trust which has applied the money for charitable purposes was entitled to exemption under section 11 of the Act. So, the assessee was entitled to claim exemption under section 11 of the Act. Following the aforesaid decision of this court and for the reasons stated therein, we answer the first question referred to us in favour ..... X X X X Extracts X X X X X X X X Extracts X X X X
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