https://www.taxtmi.com/caselaws?id=20194 An earlier Full Bench ruling on the same trust exemption issue was treated as binding for later assessment years, so the Department could not insist on a fresh enquiry into actual application or accumulation of income under section 11. The court noted that the recurring tax question had already been decided on the nature of the trust property and the rights created by the trust, and that the assessee remained entitled to exemption for income earmarked or spent for the charitable objects. The Tribunal's order giving effect to that ruling disclosed no apparent mistake, so rectification and reference were rightly refused. en-us Mon, 21 Feb 1994 00:00:00 +0530 Thu, 12 Nov 2009 13:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20194 An earlier Full Bench ruling on the same trust exemption issue was treated as binding for later assessment years, so the Department could not insist on a fresh enquiry into actual application or accumulation of income under section 11. The court noted that the recurring tax question had already been decided on the nature of the trust property and the rights created by the trust, and that the assessee remained entitled to exemption for income earmarked or spent for the charitable objects. The Tribunal's order giving effect to that ruling disclosed no apparent mistake, so rectification and reference were rightly refused. Case-Laws Income Tax Mon, 21 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20194