https://www.taxtmi.com/caselaws?id=66686 The Tribunal upheld the denial of exemption under Section 11 due to the violation of Section 13(1)(c). However, it directed the Assessing Officer to reassess the income, considering only the net income and excluding specific grants from being taxed as income. The appeal was treated as allowed for statistical purposes. en-us Fri, 27 Dec 2002 00:00:00 +0530 Sat, 05 Mar 2011 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66686 The Tribunal upheld the denial of exemption under Section 11 due to the violation of Section 13(1)(c). However, it directed the Assessing Officer to reassess the income, considering only the net income and excluding specific grants from being taxed as income. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66686