https://www.taxtmi.com/caselaws?id=20276 The court held that section 13(2)(h) of the Income-tax Act, 1961 is not applicable if trust funds are not actively invested in shares of a company with substantial interest by related persons. Trusts receiving shares as donations without actively investing trust funds are not subject to taxation under section 13(2)(h). The judgment favored the assessee in all references, with no costs awarded. en-us Mon, 22 Feb 1993 00:00:00 +0530 Thu, 12 Nov 2009 18:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20276 The court held that section 13(2)(h) of the Income-tax Act, 1961 is not applicable if trust funds are not actively invested in shares of a company with substantial interest by related persons. Trusts receiving shares as donations without actively investing trust funds are not subject to taxation under section 13(2)(h). The judgment favored the assessee in all references, with no costs awarded. Case-Laws Income Tax Mon, 22 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20276