https://www.taxtmi.com/caselaws?id=14096 The court ruled in favor of the assessee, holding that the trust was entitled to claim exemption under Section 11 for its dividend income. The court emphasized that for Section 13(2)(h) to apply, the funds must have been actively invested by the trust, which was not the case here. The judgment aligned with previous decisions, emphasizing that the term "funds" refers to actively invested money, not merely assets. en-us Fri, 16 Feb 2001 00:00:00 +0530 Mon, 13 Jul 2009 16:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14096 The court ruled in favor of the assessee, holding that the trust was entitled to claim exemption under Section 11 for its dividend income. The court emphasized that for Section 13(2)(h) to apply, the funds must have been actively invested by the trust, which was not the case here. The judgment aligned with previous decisions, emphasizing that the term "funds" refers to actively invested money, not merely assets. Case-Laws Income Tax Fri, 16 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14096