Case Law Analysis
|Income Tax Appellate Tribunal
Section 11(1)(c) IT Act | Scholarships to Indian Students Abroad Constitute Charitable Application in India : ITAT Mumbai
ITAT Mumbai rules that scholarships granted to Indian students for overseas education qualify as 'application of income' in India under Section 11(1)(c), preserving tax exemption for charitable trusts. The decision clarifies that the beneficiary's nationality, not the location of education, determines compliance with charitable purposes.