https://www.taxtmi.com/caselaws?id=123003 The Tribunal allowed the appeal, granting the assessee exemption from capital gains under section 11(1A) as it complied with investment provisions of section 11(5). The judgment highlighted that property held under trust need not be actively used for charitable purposes to qualify for exemption, as long as it is not used for non-charitable purposes. en-us Fri, 17 Sep 2010 00:00:00 +0530 Mon, 27 Aug 2012 12:06:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123003 The Tribunal allowed the appeal, granting the assessee exemption from capital gains under section 11(1A) as it complied with investment provisions of section 11(5). The judgment highlighted that property held under trust need not be actively used for charitable purposes to qualify for exemption, as long as it is not used for non-charitable purposes. Case-Laws Income Tax Fri, 17 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123003