https://www.taxtmi.com/caselaws?id=291675 The appeal concerns a charitable trust's income-tax treatment of exempt income, alleged breach of the investment restrictions for shares received in TCS, and the treatment of sale proceeds from bonus shares. The legal issues framed were whether income exempt under section 10 must be included when computing the 85% application of income requirement, whether receipt and holding of TCS shares in 2001-02 violated section 13(1)(d), and whether sale proceeds from bonus shares had to be reinvested only in assets permitted under section 11(5) so that the proviso to section 13(1)(d)(iia) would not apply. en-us Wed, 21 Jun 2017 00:00:00 +0530 Sat, 21 Nov 2020 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291675 The appeal concerns a charitable trust's income-tax treatment of exempt income, alleged breach of the investment restrictions for shares received in TCS, and the treatment of sale proceeds from bonus shares. The legal issues framed were whether income exempt under section 10 must be included when computing the 85% application of income requirement, whether receipt and holding of TCS shares in 2001-02 violated section 13(1)(d), and whether sale proceeds from bonus shares had to be reinvested only in assets permitted under section 11(5) so that the proviso to section 13(1)(d)(iia) would not apply. Case-Laws Income Tax Wed, 21 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291675