https://www.taxtmi.com/caselaws?id=389268 A registered trust claiming exemption under section 11 was found not to suffer total forfeiture of exemption merely because section 13(1)(c) was alleged to have been violated through benefits to a specified person. The ITAT applied the settled principle that contravention of section 13 does not withdraw sections 11 and 12 exemption in full; tax consequences, if any, are confined to the offending benefit or income attributable to the violation, generally at the maximum marginal rate. On the facts, the vouchers and transport-related material were insufficient to justify denial of the entire exemption, so the trust retained section 11 relief. en-us Fri, 29 Nov 2019 00:00:00 +0530 Wed, 04 Dec 2019 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389268 A registered trust claiming exemption under section 11 was found not to suffer total forfeiture of exemption merely because section 13(1)(c) was alleged to have been violated through benefits to a specified person. The ITAT applied the settled principle that contravention of section 13 does not withdraw sections 11 and 12 exemption in full; tax consequences, if any, are confined to the offending benefit or income attributable to the violation, generally at the maximum marginal rate. On the facts, the vouchers and transport-related material were insufficient to justify denial of the entire exemption, so the trust retained section 11 relief. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389268