https://www.taxtmi.com/caselaws?id=27976 The court ruled in favor of the charitable trust, allowing tax exemption for the entire income for the assessment years 1968-69 to 1970-71. It held that the trust was eligible for exemption under both sections 11(1)(a) and 11(2) of the Income Tax Act, emphasizing that the provisions were complementary and not mutually exclusive. The court rejected the Department's argument that section 11(2) overrides section 11(1)(a) and highlighted that statutory interpretation should prevail over conflicting administrative circulars. The decision favored the assessee, with costs awarded against the Department. en-us Wed, 24 Jun 1981 00:00:00 +0530 Wed, 17 Feb 2010 11:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27976 The court ruled in favor of the charitable trust, allowing tax exemption for the entire income for the assessment years 1968-69 to 1970-71. It held that the trust was eligible for exemption under both sections 11(1)(a) and 11(2) of the Income Tax Act, emphasizing that the provisions were complementary and not mutually exclusive. The court rejected the Department's argument that section 11(2) overrides section 11(1)(a) and highlighted that statutory interpretation should prevail over conflicting administrative circulars. The decision favored the assessee, with costs awarded against the Department. Case-Laws Income Tax Wed, 24 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27976