https://www.taxtmi.com/caselaws?id=361268 The ITAT upheld the decision of the Ld. CIT (A) to restrict the addition made by the AO to the extent of dividend income earned. It dismissed the department's appeal, emphasizing that only income from investments made in violation of section 11(5) would be subject to tax, not the entire income of the charitable institution. The ITAT relied on legal precedents from various High Courts to support this interpretation, affirming that violation of section 13(1)(d) does not automatically result in the denial of exemption under section 11 for the total income of the trust. en-us Thu, 31 May 2018 00:00:00 +0530 Sat, 02 Jun 2018 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361268 The ITAT upheld the decision of the Ld. CIT (A) to restrict the addition made by the AO to the extent of dividend income earned. It dismissed the department's appeal, emphasizing that only income from investments made in violation of section 11(5) would be subject to tax, not the entire income of the charitable institution. The ITAT relied on legal precedents from various High Courts to support this interpretation, affirming that violation of section 13(1)(d) does not automatically result in the denial of exemption under section 11 for the total income of the trust. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361268