https://www.taxtmi.com/caselaws?id=19569 The High Court ruled in a case involving income tax exemptions that the trust, solely operating a hospital, was entitled to exemption under section 10(22A) of the Income-tax Act, 1961. However, the claim for exemption under section 11 was denied due to the applicability of sections 13(1)(bb) and 13(1)(c). The court upheld the Tribunal's decision, citing precedents. The trust was found carrying out business not aligned with its primary objectives, leading to the denial of exemption under section 11. The order passed by the Commissioner under section 263 was deemed timely by the Tribunal, following which the High Court disposed of the case, ruling in favor of the Revenue on some issues and the assessee on others, with no costs awarded. en-us Thu, 24 Nov 1994 00:00:00 +0530 Sat, 07 Nov 2009 11:01:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19569 The High Court ruled in a case involving income tax exemptions that the trust, solely operating a hospital, was entitled to exemption under section 10(22A) of the Income-tax Act, 1961. However, the claim for exemption under section 11 was denied due to the applicability of sections 13(1)(bb) and 13(1)(c). The court upheld the Tribunal's decision, citing precedents. The trust was found carrying out business not aligned with its primary objectives, leading to the denial of exemption under section 11. The order passed by the Commissioner under section 263 was deemed timely by the Tribunal, following which the High Court disposed of the case, ruling in favor of the Revenue on some issues and the assessee on others, with no costs awarded. Case-Laws Income Tax Thu, 24 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19569