https://www.taxtmi.com/caselaws?id=374095 ITAT PUNE - AT upheld CIT(A)'s allowance of the trust's claim, ruling that 15% of receipts under s.11(1)(a) is an absolute exemption and s.11(2) does not negate it. Revenue's grounds were dismissed, including the contention on carrying forward excess application of income; there is no taxable income for the year. With income held exempt under ss.11-13, the alternate s.10(23C)(vi) claim is academic (left open for future adjudication if relevant). en-us Wed, 12 Dec 2018 00:00:00 +0530 Tue, 18 Nov 2025 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374095 ITAT PUNE - AT upheld CIT(A)'s allowance of the trust's claim, ruling that 15% of receipts under s.11(1)(a) is an absolute exemption and s.11(2) does not negate it. Revenue's grounds were dismissed, including the contention on carrying forward excess application of income; there is no taxable income for the year. With income held exempt under ss.11-13, the alternate s.10(23C)(vi) claim is academic (left open for future adjudication if relevant). Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374095