https://www.taxtmi.com/caselaws?id=189867 The Court upheld the Tribunal's decision, ruling that only income from investments violating Section 11(5) of the Income Tax Act is taxable, not the entire trust income. The Court agreed with the interpretation that income derived from trust property should not be included in the income if used for charitable purposes or accumulated for future use, subject to restrictions under Section 11(5). The appeals were dismissed in favor of the assessee, against the revenue authorities. en-us Thu, 13 Nov 2014 00:00:00 +0530 Tue, 24 Jan 2017 10:21:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189867 The Court upheld the Tribunal's decision, ruling that only income from investments violating Section 11(5) of the Income Tax Act is taxable, not the entire trust income. The Court agreed with the interpretation that income derived from trust property should not be included in the income if used for charitable purposes or accumulated for future use, subject to restrictions under Section 11(5). The appeals were dismissed in favor of the assessee, against the revenue authorities. Case-Laws Income Tax Thu, 13 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189867