https://www.taxtmi.com/caselaws?id=71805 The Tribunal ruled in favor of the assessee, holding that bonus shares obtained in respect of shares forming part of the trust's corpus before a specific date were exempt from income tax. The revisional and appellate orders denying exemptions were set aside, and all appeals were allowed based on the retrospective amendment introduced by the Finance Act, 1992. The trust's income and net wealth were deemed eligible for exemption, with no additional arguments raised during the hearing. en-us Tue, 08 Dec 1992 00:00:00 +0530 Wed, 27 Apr 2011 11:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71805 The Tribunal ruled in favor of the assessee, holding that bonus shares obtained in respect of shares forming part of the trust's corpus before a specific date were exempt from income tax. The revisional and appellate orders denying exemptions were set aside, and all appeals were allowed based on the retrospective amendment introduced by the Finance Act, 1992. The trust's income and net wealth were deemed eligible for exemption, with no additional arguments raised during the hearing. Case-Laws Wealth-tax Tue, 08 Dec 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71805