https://www.taxtmi.com/caselaws?id=75406 The High Court ruled in favor of the trust, determining that sub-section (4A) of section 11 of the Income-tax Act, 1961 was not applicable. The Court found the trust to be genuine, with income rightfully belonging to the trust and not the founder individually. Activities conducted by the trust aligned with its charitable objectives, qualifying for exemption under section 11. The judgment favored the trust, emphasizing the proper utilization of income for trust-related purposes and rejecting the Revenue's arguments. en-us Mon, 20 Jul 2009 00:00:00 +0530 Wed, 10 Jul 2013 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75406 The High Court ruled in favor of the trust, determining that sub-section (4A) of section 11 of the Income-tax Act, 1961 was not applicable. The Court found the trust to be genuine, with income rightfully belonging to the trust and not the founder individually. Activities conducted by the trust aligned with its charitable objectives, qualifying for exemption under section 11. The judgment favored the trust, emphasizing the proper utilization of income for trust-related purposes and rejecting the Revenue's arguments. Case-Laws Income Tax Mon, 20 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75406