https://www.taxtmi.com/caselaws?id=72005 Exemption under section 11 was denied where the assessee's governing instrument, as applicable to the relevant years, still permitted dividend distribution and private benefit, defeating charitable character; the alleged retrospective amendment was not accepted for those earlier years. The Tribunal also held that the Commissioner (Appeals) could not exceed the scope of the earlier remand by granting relief on additions that had already attained finality. The assessment was therefore restored only to the extent consistent with the Tribunal's directions, with the Revenue succeeding on both issues. en-us Fri, 08 Feb 2008 00:00:00 +0530 Thu, 28 Apr 2011 17:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72005 Exemption under section 11 was denied where the assessee's governing instrument, as applicable to the relevant years, still permitted dividend distribution and private benefit, defeating charitable character; the alleged retrospective amendment was not accepted for those earlier years. The Tribunal also held that the Commissioner (Appeals) could not exceed the scope of the earlier remand by granting relief on additions that had already attained finality. The assessment was therefore restored only to the extent consistent with the Tribunal's directions, with the Revenue succeeding on both issues. Case-Laws Income Tax Fri, 08 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72005