Dismissing the appeal of the revenue the Court held that a cursory glance at the list of beneficiaries would show that there had been donations to charitable and religious institutions only and that philanthropy had been the essence of all the donations. The assessee-trust was entitled to exemption under section 11. (AY.2007-08)
DIT(E) v. Shanmuga Arts, Science, Technology and Research Academy (Sastra) (2021)436 ITR 633 / 207 DTR 361 / 283 Taxman 135 (Mad.)(HC)
S. 11 : Property held for charitable purposes-Donation made for other charitable purposes-Entitle to exemption. [S. 2(15)]