https://www.taxtmi.com/caselaws?id=272261 The ITAT Chennai upheld the denial of exemption u/s 11 to the trust due to violations under sec. 13(1)(c) and taxed the entire income, including capital gains, based on sec. 164(2). The trust's arguments for partial taxability and application of sec. 112 were dismissed, emphasizing the correct interpretation of tax provisions under the Income Tax Act. en-us Wed, 20 Jan 2016 00:00:00 +0530 Sat, 30 Apr 2016 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272261 The ITAT Chennai upheld the denial of exemption u/s 11 to the trust due to violations under sec. 13(1)(c) and taxed the entire income, including capital gains, based on sec. 164(2). The trust's arguments for partial taxability and application of sec. 112 were dismissed, emphasizing the correct interpretation of tax provisions under the Income Tax Act. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272261