https://www.taxtmi.com/caselaws?id=65017 The trust, known as Mrs. Dwarika Prasad Trust, was held to be entitled to exemption as a charitable institution under section 11 of the Income-tax Act, 1961. The renunciation deed by beneficiaries was deemed valid and had retrospective effect, reinforcing the charitable nature of the trust. The delay in filing Form No. 10 was considered inconsequential, and the trust's registration under section 12A was seen as significant in granting exemption. The appeals of the revenue were dismissed, affirming the trust's entitlement to exemption and exempting its income. en-us Fri, 02 Jun 1989 00:00:00 +0530 Fri, 11 Feb 2011 16:58:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65017 The trust, known as Mrs. Dwarika Prasad Trust, was held to be entitled to exemption as a charitable institution under section 11 of the Income-tax Act, 1961. The renunciation deed by beneficiaries was deemed valid and had retrospective effect, reinforcing the charitable nature of the trust. The delay in filing Form No. 10 was considered inconsequential, and the trust's registration under section 12A was seen as significant in granting exemption. The appeals of the revenue were dismissed, affirming the trust's entitlement to exemption and exempting its income. Case-Laws Income Tax Fri, 02 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65017