https://www.taxtmi.com/caselaws?id=18687 The court dismissed the reference application filed by the Commissioner of Income-tax, upholding the trust's entitlement to exemption under section 11 of the Income-tax Act, 1961. The Tribunal's decision to affirm the assessments was upheld, emphasizing the need for questions in reference applications to be based on legal issues rather than factual determinations. The court granted the Tribunal authority to rectify any mistakes under section 254(2) if a related reference favored the Revenue, highlighting the importance of distinguishing between questions of fact and law in such applications. en-us Tue, 28 Nov 1995 00:00:00 +0530 Sat, 31 Oct 2009 13:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18687 The court dismissed the reference application filed by the Commissioner of Income-tax, upholding the trust's entitlement to exemption under section 11 of the Income-tax Act, 1961. The Tribunal's decision to affirm the assessments was upheld, emphasizing the need for questions in reference applications to be based on legal issues rather than factual determinations. The court granted the Tribunal authority to rectify any mistakes under section 254(2) if a related reference favored the Revenue, highlighting the importance of distinguishing between questions of fact and law in such applications. Case-Laws Income Tax Tue, 28 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18687