https://www.taxtmi.com/caselaws?id=410626 Dividend income received by a charitable trust was treated as exempt under section 10(34) independently of the trust's eligibility under sections 11 and 13. The Tribunal followed binding jurisdictional precedent holding that conditions applicable to exemption under sections 11 and 13 cannot be read into a separate exemption expressly granted by section 10. As a result, the dividend income remained exempt and the Revenue's challenge to the deletion of tax on that income failed. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 06 Aug 2021 09:12:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410626 Dividend income received by a charitable trust was treated as exempt under section 10(34) independently of the trust's eligibility under sections 11 and 13. The Tribunal followed binding jurisdictional precedent holding that conditions applicable to exemption under sections 11 and 13 cannot be read into a separate exemption expressly granted by section 10. As a result, the dividend income remained exempt and the Revenue's challenge to the deletion of tax on that income failed. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410626