https://www.taxtmi.com/caselaws?id=243285 The ITAT dismissed both the departmental appeal and cross objection, upholding the decisions of the ld. CIT(A). The interest income earned on surplus funds invested in Fixed Deposit Receipts was found to be exempt under section 11 of the IT Act as it was applied towards the trust's objectives without profit-making intent. However, the claim for deduction under section 10(23C)(iiiae) for maternity services was denied as maternity services were deemed not to fall under the purview of the section requiring treatment for illness or mental defectiveness. en-us Wed, 14 Aug 2013 00:00:00 +0530 Fri, 17 Apr 2015 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243285 The ITAT dismissed both the departmental appeal and cross objection, upholding the decisions of the ld. CIT(A). The interest income earned on surplus funds invested in Fixed Deposit Receipts was found to be exempt under section 11 of the IT Act as it was applied towards the trust's objectives without profit-making intent. However, the claim for deduction under section 10(23C)(iiiae) for maternity services was denied as maternity services were deemed not to fall under the purview of the section requiring treatment for illness or mental defectiveness. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243285