https://www.taxtmi.com/caselaws?id=62071 The court ruled that charitable trusts were entitled to exemption by investing in government securities only the amount of unspent balance exceeding 25% of the total income eligible for exemption under s. 11(1)(a). The judgment clarified the distinction between 'income' and 'money so accumulated' under s. 11 provisions. Additionally, the court held that the time limit mentioned in Form No. 10 for investment timelines was ultra vires for Padmanabhaswamy Temple Trust, resulting in the trust's entire income being exempt. The decision aimed to ensure fair application of tax laws to support charitable activities. en-us Thu, 30 Oct 1975 00:00:00 +0530 Tue, 18 Jan 2011 10:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62071 The court ruled that charitable trusts were entitled to exemption by investing in government securities only the amount of unspent balance exceeding 25% of the total income eligible for exemption under s. 11(1)(a). The judgment clarified the distinction between 'income' and 'money so accumulated' under s. 11 provisions. Additionally, the court held that the time limit mentioned in Form No. 10 for investment timelines was ultra vires for Padmanabhaswamy Temple Trust, resulting in the trust's entire income being exempt. The decision aimed to ensure fair application of tax laws to support charitable activities. Case-Laws Income Tax Thu, 30 Oct 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62071