https://www.taxtmi.com/caselaws?id=62340 The Tribunal allowed the assessees' appeals, granting them benefits under Section 11 of the Income Tax Act, 1961. It held that trusts engaging in both charitable and religious activities are eligible for exemptions under Section 11(1)(a), even for mixed trusts established after 1st April, 1962. The Tribunal interpreted "charitable or religious purposes" conjunctively, following judicial precedents. It clarified that Section 13(1)(b) does not apply if activities benefit various communities and emphasized the binding nature of previous decisions supporting the assessees' position. en-us Tue, 22 Sep 2009 00:00:00 +0530 Mon, 09 Oct 2023 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62340 The Tribunal allowed the assessees' appeals, granting them benefits under Section 11 of the Income Tax Act, 1961. It held that trusts engaging in both charitable and religious activities are eligible for exemptions under Section 11(1)(a), even for mixed trusts established after 1st April, 1962. The Tribunal interpreted "charitable or religious purposes" conjunctively, following judicial precedents. It clarified that Section 13(1)(b) does not apply if activities benefit various communities and emphasized the binding nature of previous decisions supporting the assessees' position. Case-Laws Income Tax Tue, 22 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62340