https://www.taxtmi.com/caselaws?id=13717 The court considered whether shares received by the assessee were investments made by trustees, affecting the application of section 13(2)(h) of the Income-tax Act. Relying on precedent and consistent views of other High Courts, the court found in favor of the assessee. It concluded that the shares were not investments made by the assessee in companies where the donor had substantial interest, entitling the assessee to the benefits under the relevant sections of the Income-tax Act. The court disposed of the reference accordingly, ruling in favor of the assessee. en-us Thu, 06 Jul 2006 00:00:00 +0530 Sat, 04 Jul 2009 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13717 The court considered whether shares received by the assessee were investments made by trustees, affecting the application of section 13(2)(h) of the Income-tax Act. Relying on precedent and consistent views of other High Courts, the court found in favor of the assessee. It concluded that the shares were not investments made by the assessee in companies where the donor had substantial interest, entitling the assessee to the benefits under the relevant sections of the Income-tax Act. The court disposed of the reference accordingly, ruling in favor of the assessee. Case-Laws Wealth-tax Thu, 06 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13717