https://www.taxtmi.com/caselaws?id=221718 The High Court ruled in favor of the assessee, confirming the trust's charitable status, rectification of the trust deed, retrospective effect of the amendment, and entitlement to section 11 benefits. The court held that the trustees' absolute discretion did not disqualify the trust, and the trust's income was exempt under section 10(22) despite incidental benefits to members. No violations of sections 11(5) and 13(1)(c) were found in the trust's investments. The cases were disposed of without costs. en-us Fri, 27 Jan 2012 00:00:00 +0530 Tue, 26 Mar 2013 09:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221718 The High Court ruled in favor of the assessee, confirming the trust's charitable status, rectification of the trust deed, retrospective effect of the amendment, and entitlement to section 11 benefits. The court held that the trustees' absolute discretion did not disqualify the trust, and the trust's income was exempt under section 10(22) despite incidental benefits to members. No violations of sections 11(5) and 13(1)(c) were found in the trust's investments. The cases were disposed of without costs. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221718