https://www.taxtmi.com/caselaws?id=189902 The Tribunal partly allowed the appeal filed by the assessee, deciding all effective grounds against the AO. The appeal filed by the AO was dismissed, and the order was pronounced in the open court on 4 February 2016. The Tribunal upheld that the breach of Section 13(1)(d) and 13(2)(h) would lead to forfeiture of exemption of income derived from such investments but not the entire income of the trust. The Tribunal held that the assessee was not entitled to full exemption under Section 11 but allowed the exemption under Sections 10(34), 10(35), and 10(38) for dividend income and long-term capital gains. Additionally, the Tribunal allowed the exemption for education grants given to Indian students for studying abroad. en-us Thu, 04 Feb 2016 00:00:00 +0530 Wed, 25 Jan 2017 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189902 The Tribunal partly allowed the appeal filed by the assessee, deciding all effective grounds against the AO. The appeal filed by the AO was dismissed, and the order was pronounced in the open court on 4 February 2016. The Tribunal upheld that the breach of Section 13(1)(d) and 13(2)(h) would lead to forfeiture of exemption of income derived from such investments but not the entire income of the trust. The Tribunal held that the assessee was not entitled to full exemption under Section 11 but allowed the exemption under Sections 10(34), 10(35), and 10(38) for dividend income and long-term capital gains. Additionally, the Tribunal allowed the exemption for education grants given to Indian students for studying abroad. Case-Laws Income Tax Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189902