https://www.taxtmi.com/caselaws?id=384660 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's order for assessment years 2000-01 and 2001-02. The issue centered on whether holding shares donated to a trust with a condition of retention for at least 5 years, in contravention of Section 13(1)(d), would lead to denial of exemption under Section 11. The Court found the Tribunal's decision to be factual, based on the previous ruling in the assessee's favor for another assessment year. No substantial legal question arose, leading to the dismissal of the appeals without costs. en-us Tue, 09 Jul 2019 00:00:00 +0530 Mon, 19 Aug 2019 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384660 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's order for assessment years 2000-01 and 2001-02. The issue centered on whether holding shares donated to a trust with a condition of retention for at least 5 years, in contravention of Section 13(1)(d), would lead to denial of exemption under Section 11. The Court found the Tribunal's decision to be factual, based on the previous ruling in the assessee's favor for another assessment year. No substantial legal question arose, leading to the dismissal of the appeals without costs. Case-Laws Income Tax Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384660