https://www.taxtmi.com/caselaws?id=386821 The Tribunal held that the charitable trust did not violate Sections 13(1)(d) and 13(2)(h) of the Income Tax Act as the investments in Tata Group companies were made prior to 01.06.1973 and were part of the corpus. Therefore, the trust was entitled to exemptions under Sections 11 and 12. Additionally, the Tribunal allowed exemptions under Sections 10(34) and 10(38) for dividend income and long-term capital gains, respectively. The Tribunal also permitted the carry forward of the deficit on account of excess expenditure. The revenue's appeal was dismissed, and the trust's appeal was allowed. en-us Fri, 13 Sep 2019 00:00:00 +0530 Wed, 09 Oct 2019 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386821 The Tribunal held that the charitable trust did not violate Sections 13(1)(d) and 13(2)(h) of the Income Tax Act as the investments in Tata Group companies were made prior to 01.06.1973 and were part of the corpus. Therefore, the trust was entitled to exemptions under Sections 11 and 12. Additionally, the Tribunal allowed exemptions under Sections 10(34) and 10(38) for dividend income and long-term capital gains, respectively. The Tribunal also permitted the carry forward of the deficit on account of excess expenditure. The revenue's appeal was dismissed, and the trust's appeal was allowed. Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386821