https://www.taxtmi.com/caselaws?id=21182 The amended restriction in section 13(1)(d) of the Income-tax Act applied only where the relevant cut-off date fell within the assessee's previous year. Because the assessee's previous year ended before that date, the amendment did not operate to deny exemption under section 11 for the assessment year in question. Following the earlier binding decision on the same legal question, the exemption claim was upheld in favour of the assessee. en-us Mon, 16 Mar 1992 00:00:00 +0530 Fri, 20 Nov 2009 15:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21182 The amended restriction in section 13(1)(d) of the Income-tax Act applied only where the relevant cut-off date fell within the assessee's previous year. Because the assessee's previous year ended before that date, the amendment did not operate to deny exemption under section 11 for the assessment year in question. Following the earlier binding decision on the same legal question, the exemption claim was upheld in favour of the assessee. Case-Laws Income Tax Mon, 16 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21182