https://www.taxtmi.com/caselaws?id=10558 The court ruled in favor of the assessee, holding that the investment received by the trust as a donation could not be considered an investment under section 13(2)(h) of the Income-tax Act. Consequently, the trust was entitled to exemption under section 11 of the Income-tax Act and section 21A of the Wealth-tax Act. The court upheld the Tribunal's decisions, determining that the provisions of sections 13(1)(c) and 13(2)(h) were not applicable in this case. en-us Fri, 29 Oct 2004 00:00:00 +0530 Fri, 17 Jul 2009 17:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10558 The court ruled in favor of the assessee, holding that the investment received by the trust as a donation could not be considered an investment under section 13(2)(h) of the Income-tax Act. Consequently, the trust was entitled to exemption under section 11 of the Income-tax Act and section 21A of the Wealth-tax Act. The court upheld the Tribunal's decisions, determining that the provisions of sections 13(1)(c) and 13(2)(h) were not applicable in this case. Case-Laws Income Tax Fri, 29 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10558