https://www.taxtmi.com/caselaws?id=29573 The High Court of Madhya Pradesh held that a Panchayat registered under Section 12 of the Income-tax Act, 1961, was entitled to exemption under Section 11 for its entire income. The court affirmed the Tribunal's decision that the trust existed before the Act and managed the temple's affairs, thus qualifying for the exemption. Section 13(1)(b) was found not to apply to trusts established before the Act. The assessee's appeal was successful, confirming its entitlement to the exemption under Section 11 for the assessment years in question. en-us Fri, 26 Jun 1981 00:00:00 +0530 Sat, 13 Mar 2010 17:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29573 The High Court of Madhya Pradesh held that a Panchayat registered under Section 12 of the Income-tax Act, 1961, was entitled to exemption under Section 11 for its entire income. The court affirmed the Tribunal's decision that the trust existed before the Act and managed the temple's affairs, thus qualifying for the exemption. Section 13(1)(b) was found not to apply to trusts established before the Act. The assessee's appeal was successful, confirming its entitlement to the exemption under Section 11 for the assessment years in question. Case-Laws Income Tax Fri, 26 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29573