https://www.taxtmi.com/caselaws?id=155049 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions, confirming that the assessee-trust is entitled to exemptions u/s 11. Sections 13(1)(b) and 11(4A) were deemed inapplicable to the trust's circumstances. The trust's charitable nature and objectives remained unchanged since its inception in 1934, and its income was considered rental income, not business income. Both appeals by the Revenue were dismissed. en-us Wed, 21 Mar 2012 00:00:00 +0530 Sat, 31 Aug 2013 11:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155049 The Tribunal upheld the Commissioner of Income-tax (Appeals) decisions, confirming that the assessee-trust is entitled to exemptions u/s 11. Sections 13(1)(b) and 11(4A) were deemed inapplicable to the trust's circumstances. The trust's charitable nature and objectives remained unchanged since its inception in 1934, and its income was considered rental income, not business income. Both appeals by the Revenue were dismissed. Case-Laws Income Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155049