https://www.taxtmi.com/caselaws?id=66531 The Tribunal ruled in favor of the appellant, a public charitable institution, in a case concerning investments made in FD with Nagarjuna Steels Ltd. The Tribunal held that the appellant did not breach the law as the investment was made under the company's terms and conditions, and the appellant could not withdraw the funds before maturity due to the deposit terms. Consequently, the Tribunal exempted the appellant from denial of benefits under section 11 of the Income-tax Act, finding no grounds to invoke jurisdiction under section 263. en-us Fri, 15 Feb 1991 00:00:00 +0530 Sat, 26 Feb 2011 13:24:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66531 The Tribunal ruled in favor of the appellant, a public charitable institution, in a case concerning investments made in FD with Nagarjuna Steels Ltd. The Tribunal held that the appellant did not breach the law as the investment was made under the company's terms and conditions, and the appellant could not withdraw the funds before maturity due to the deposit terms. Consequently, the Tribunal exempted the appellant from denial of benefits under section 11 of the Income-tax Act, finding no grounds to invoke jurisdiction under section 263. Case-Laws Income Tax Fri, 15 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66531