Amendment to Section 11 applicability excludes specified corpus assets and voluntary contributions from impermissible investment treatment. The amendment inserts clause (iv) in the first proviso to clause (d) of sub section (1) of section 13 to exclude certain corpus assets and voluntary contributions-specifically assets and accretions referenced in the third proviso to clause (23C) of section 10 and voluntary contributions referred to therefrom-from constituting impermissible investments or deposits that would render section 11 or section 12 inapplicable for trusts and institutions.
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Provisions expressly mentioned in the judgment/order text.
Amendment to Section 11 applicability excludes specified corpus assets and voluntary contributions from impermissible investment treatment.
The amendment inserts clause (iv) in the first proviso to clause (d) of sub section (1) of section 13 to exclude certain corpus assets and voluntary contributions-specifically assets and accretions referenced in the third proviso to clause (23C) of section 10 and voluntary contributions referred to therefrom-from constituting impermissible investments or deposits that would render section 11 or section 12 inapplicable for trusts and institutions.
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