https://www.taxtmi.com/caselaws?id=69363 The Tribunal set aside previous orders and directed tax authorities to reconsider the case involving the trust named Honesty Engineers and Contractors. The dispute revolved around the exemption of trust income under sections 11 and 12 of the IT Act. The Commissioner of Income Tax initially denied the exemption, citing lack of charitable purposes per s. 2(15) of the Act. The Tribunal allowed the trust to raise a new claim under s. 161 regarding tax liability similar to the sole beneficiary, Sri Aurobindo Ashram. The validity of the trust declaration and expansion of trust objects were also subjects of debate, requiring further examination by tax authorities. en-us Fri, 24 Jun 1983 00:00:00 +0530 Wed, 06 Apr 2011 13:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69363 The Tribunal set aside previous orders and directed tax authorities to reconsider the case involving the trust named Honesty Engineers and Contractors. The dispute revolved around the exemption of trust income under sections 11 and 12 of the IT Act. The Commissioner of Income Tax initially denied the exemption, citing lack of charitable purposes per s. 2(15) of the Act. The Tribunal allowed the trust to raise a new claim under s. 161 regarding tax liability similar to the sole beneficiary, Sri Aurobindo Ashram. The validity of the trust declaration and expansion of trust objects were also subjects of debate, requiring further examination by tax authorities. Case-Laws Income Tax Fri, 24 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69363