https://www.taxtmi.com/caselaws?id=70394 The Appellate Tribunal allowed the appeal, directing the Income Tax Officer to grant exemption under section 11 of the Income-tax Act, 1961 to a public charitable trust for the assessment year 1984-85. The Tribunal determined that the items in question on the trust's balance sheet did not qualify as investments or deposits under section 13(1)(d), as they were either amounts due, debts, or loans repayable, not investments. Therefore, the trust was eligible for the exemption, and the assessment was to be reframed in favor of the trust. en-us Fri, 10 Nov 1989 00:00:00 +0530 Fri, 15 Apr 2011 18:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70394 The Appellate Tribunal allowed the appeal, directing the Income Tax Officer to grant exemption under section 11 of the Income-tax Act, 1961 to a public charitable trust for the assessment year 1984-85. The Tribunal determined that the items in question on the trust's balance sheet did not qualify as investments or deposits under section 13(1)(d), as they were either amounts due, debts, or loans repayable, not investments. Therefore, the trust was eligible for the exemption, and the assessment was to be reframed in favor of the trust. Case-Laws Income Tax Fri, 10 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70394