https://www.taxtmi.com/caselaws?id=337874 The tribunal upheld the CIT (A)'s findings, dismissing the revenue's appeal. It was concluded that the assessee did not violate Sections 11(5) and 13(1)(d) as it was restrained by a court order from disposing of the shares. Additionally, the advance payment towards property conversion was deemed to be for charitable purposes, benefiting the assessee. The appeal filed by the revenue was dismissed, with the order pronounced in open court on 11th January 2017. en-us Wed, 11 Jan 2017 00:00:00 +0530 Fri, 13 Jan 2017 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337874 The tribunal upheld the CIT (A)'s findings, dismissing the revenue's appeal. It was concluded that the assessee did not violate Sections 11(5) and 13(1)(d) as it was restrained by a court order from disposing of the shares. Additionally, the advance payment towards property conversion was deemed to be for charitable purposes, benefiting the assessee. The appeal filed by the revenue was dismissed, with the order pronounced in open court on 11th January 2017. Case-Laws Income Tax Wed, 11 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337874