https://www.taxtmi.com/caselaws?id=190906 The Tribunal allowed the appeal for statistical purposes, setting aside the lower appellate authority's order. It directed a re-examination to determine the exempt portion under section 11 and the taxable portion at the maximum marginal rate, based on the trust's submissions. The Tribunal emphasized that denial of exemption should not apply to the entire trust income due to non-compliant investments, aligning with the Madras High Court's decision. en-us Fri, 31 Oct 1997 00:00:00 +0530 Wed, 08 Mar 2017 18:05:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190906 The Tribunal allowed the appeal for statistical purposes, setting aside the lower appellate authority's order. It directed a re-examination to determine the exempt portion under section 11 and the taxable portion at the maximum marginal rate, based on the trust's submissions. The Tribunal emphasized that denial of exemption should not apply to the entire trust income due to non-compliant investments, aligning with the Madras High Court's decision. Case-Laws Income Tax Fri, 31 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190906