https://www.taxtmi.com/caselaws?id=5608 The Supreme Court ruled against the assessee in a case involving the amendment of a trust deed and exemptions under the Income-tax Act and Wealth-tax Act. The Court held that amendments made after April 1, 1962, to mandate investment in a concern where trustees had an interest were not valid for claiming exemptions under the Acts. The Court sided with the Revenue, setting aside the High Court judgments and denying the exemptions sought by the assessee. en-us Tue, 08 Jul 1997 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5608 The Supreme Court ruled against the assessee in a case involving the amendment of a trust deed and exemptions under the Income-tax Act and Wealth-tax Act. The Court held that amendments made after April 1, 1962, to mandate investment in a concern where trustees had an interest were not valid for claiming exemptions under the Acts. The Court sided with the Revenue, setting aside the High Court judgments and denying the exemptions sought by the assessee. Case-Laws Income Tax Tue, 08 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5608