https://www.taxtmi.com/caselaws?id=63396 The Appellate Tribunal allowed the appeal by a charitable trust concerning the assessment of fair market rent for its property. The Tribunal held that the rent paid exceeded the standard rent under the Delhi Rent Control Act, thus not conferring undue benefit on the settlors. Consequently, the denial of exemption under section 11 of the Income-tax Act and the additional income addition were deemed unjustified. The Tribunal directed the Income Tax Officer to grant the benefit of section 11 to the trust, leading to the trust being granted relief under the Income-tax Act. en-us Mon, 23 Mar 1987 00:00:00 +0530 Sat, 29 Jan 2011 17:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63396 The Appellate Tribunal allowed the appeal by a charitable trust concerning the assessment of fair market rent for its property. The Tribunal held that the rent paid exceeded the standard rent under the Delhi Rent Control Act, thus not conferring undue benefit on the settlors. Consequently, the denial of exemption under section 11 of the Income-tax Act and the additional income addition were deemed unjustified. The Tribunal directed the Income Tax Officer to grant the benefit of section 11 to the trust, leading to the trust being granted relief under the Income-tax Act. Case-Laws Income Tax Mon, 23 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63396