https://www.taxtmi.com/caselaws?id=5753 SC upheld the HC's decision denying the assessee-trust exemption under section 11 in respect of income related to the college, holding that the educational institution was run by a separate registered charitable society and not by the assessee-trust itself. As the trust did not directly conduct the college, it could not claim the corresponding exemption. SC also noted that the Revenue never disputed the genuineness of the credit entries in the assessee's books, nor alleged them to be sham or bogus. The appeals were dismissed, with no order as to costs. en-us Thu, 14 Mar 1996 00:00:00 +0530 Mon, 15 Dec 2025 21:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5753 SC upheld the HC's decision denying the assessee-trust exemption under section 11 in respect of income related to the college, holding that the educational institution was run by a separate registered charitable society and not by the assessee-trust itself. As the trust did not directly conduct the college, it could not claim the corresponding exemption. SC also noted that the Revenue never disputed the genuineness of the credit entries in the assessee's books, nor alleged them to be sham or bogus. The appeals were dismissed, with no order as to costs. Case-Laws Income Tax Thu, 14 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5753