https://www.taxtmi.com/caselaws?id=241057 The Tribunal upheld the decision restricting denial of exemption to the income from non-compliant investments, attributing the violation to a mistaken impression. The Appellate Authorities approved the exemption under Section 11 and 10(23AAA), dismissing the Revenue's appeal. Despite contravening Section 11(5), the judgment allowed exemption for contributions once approved by the Commissioner, leading to the dismissal of the Revenue's appeal. Compliance with Section 10(23AAA) conditions was emphasized, favoring the assessee and affirming the exemption for contributions not forming part of total income. en-us Wed, 27 Nov 2013 00:00:00 +0530 Mon, 16 Dec 2013 16:12:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241057 The Tribunal upheld the decision restricting denial of exemption to the income from non-compliant investments, attributing the violation to a mistaken impression. The Appellate Authorities approved the exemption under Section 11 and 10(23AAA), dismissing the Revenue's appeal. Despite contravening Section 11(5), the judgment allowed exemption for contributions once approved by the Commissioner, leading to the dismissal of the Revenue's appeal. Compliance with Section 10(23AAA) conditions was emphasized, favoring the assessee and affirming the exemption for contributions not forming part of total income. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241057