https://www.taxtmi.com/caselaws?id=70285 The Tribunal allowed the appeal, holding that the trust's corpus advanced to a company for the benefit of the author did not fall under the provisions of section 13(1)(c) of the IT Act. While the trust's income lost exemption under section 11, the Tribunal clarified that taxing the corpus itself was not warranted. The order directing taxation of the amount advanced by the trust was deemed beyond the scope of the law and was canceled, emphasizing the distinction between the trust's income and corpus. en-us Wed, 31 Aug 1988 00:00:00 +0530 Fri, 15 Apr 2011 12:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70285 The Tribunal allowed the appeal, holding that the trust's corpus advanced to a company for the benefit of the author did not fall under the provisions of section 13(1)(c) of the IT Act. While the trust's income lost exemption under section 11, the Tribunal clarified that taxing the corpus itself was not warranted. The order directing taxation of the amount advanced by the trust was deemed beyond the scope of the law and was canceled, emphasizing the distinction between the trust's income and corpus. Case-Laws Income Tax Wed, 31 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70285