https://www.taxtmi.com/caselaws?id=69994 The appeals for the assessment years 1983-84 and 1984-85 were allowed, setting aside the Commissioner's order that invoked Section 263 of the Income-tax Act for violating Section 13(1)(d). The Tribunal found that the trust had not contravened the provision as it had time to comply. However, for the assessment year 1985-86, the appeal was dismissed as the trust failed to convert bonus shares into approved securities by the deadline, thus breaching Section 13(1)(d). The additional ground seeking relief under Section 80L was deemed irrelevant for the assessment year 1985-86. en-us Thu, 08 Feb 1990 00:00:00 +0530 Wed, 13 Apr 2011 12:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69994 The appeals for the assessment years 1983-84 and 1984-85 were allowed, setting aside the Commissioner's order that invoked Section 263 of the Income-tax Act for violating Section 13(1)(d). The Tribunal found that the trust had not contravened the provision as it had time to comply. However, for the assessment year 1985-86, the appeal was dismissed as the trust failed to convert bonus shares into approved securities by the deadline, thus breaching Section 13(1)(d). The additional ground seeking relief under Section 80L was deemed irrelevant for the assessment year 1985-86. Case-Laws Income Tax Thu, 08 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69994