https://www.taxtmi.com/caselaws?id=258032 The Tribunal dismissed the Revenue's appeal and upheld the CIT(Appeals) decision to grant exemption under Sections 11 and 12 of the Income-tax Act, 1961 to the assessee for payments to M/s Sivaraja Ramalinga Trust. The Tribunal ruled that common trustees between two trusts do not establish a relationship triggering Section 13(1)(c) of the Act, emphasizing trustees' fiduciary role and beneficiaries' interest in trust property. en-us Thu, 10 May 2012 00:00:00 +0530 Sat, 28 Mar 2015 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258032 The Tribunal dismissed the Revenue's appeal and upheld the CIT(Appeals) decision to grant exemption under Sections 11 and 12 of the Income-tax Act, 1961 to the assessee for payments to M/s Sivaraja Ramalinga Trust. The Tribunal ruled that common trustees between two trusts do not establish a relationship triggering Section 13(1)(c) of the Act, emphasizing trustees' fiduciary role and beneficiaries' interest in trust property. Case-Laws Income Tax Thu, 10 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258032