https://www.taxtmi.com/caselaws?id=17457 A civil court's rectification of a trust deed was held to operate only prospectively from the date of the decree, so it could not change the character of the trust for earlier assessment years. The earlier finding that the trust was not charitable for those years continued to govern the exemption claim under sections 11 and 12 of the Income-tax Act, 1961. On that basis, the assessee could not rely on the later rectification to obtain tax exemption for the assessment years in question, and the reference was answered in favour of the Revenue. en-us Fri, 30 May 1997 00:00:00 +0530 Tue, 22 Sep 2009 15:00:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17457 A civil court's rectification of a trust deed was held to operate only prospectively from the date of the decree, so it could not change the character of the trust for earlier assessment years. The earlier finding that the trust was not charitable for those years continued to govern the exemption claim under sections 11 and 12 of the Income-tax Act, 1961. On that basis, the assessee could not rely on the later rectification to obtain tax exemption for the assessment years in question, and the reference was answered in favour of the Revenue. Case-Laws Income Tax Fri, 30 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17457