https://www.taxtmi.com/caselaws?id=179089 The High Court ruled in favor of the society, setting aside the orders of the Assessing Officer, the Commissioner of Income Tax (Appeals), and the Income Tax Appellate Tribunal. The court held that the society was entitled to exemption under Section 11(5) of the Income Tax Act as the investments were made due to inadvertence and misrepresentation by the investee companies, in line with a Delhi High Court judgment. en-us Mon, 21 Jul 2008 00:00:00 +0530 Fri, 19 Feb 2016 18:13:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179089 The High Court ruled in favor of the society, setting aside the orders of the Assessing Officer, the Commissioner of Income Tax (Appeals), and the Income Tax Appellate Tribunal. The court held that the society was entitled to exemption under Section 11(5) of the Income Tax Act as the investments were made due to inadvertence and misrepresentation by the investee companies, in line with a Delhi High Court judgment. Case-Laws Income Tax Mon, 21 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179089