https://www.taxtmi.com/caselaws?id=32475 The court held that interest income from bank deposits received by a registered society for charitable or religious purposes is exempt under Section 11(1)(a) of the Income Tax Act, 1961. The court ruled that the society, though not a Trust, qualified for the exemption under the broadened definition of 'Trust' in Section 13(1). Additionally, the court clarified that the exemption was sought under Section 11(1)(a) and not Section 12(1), dismissing the Revenue's appeal as no substantial question of law arose regarding voluntary contributions under Section 12(1). en-us Mon, 15 Dec 2008 00:00:00 +0530 Sun, 01 Mar 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32475 The court held that interest income from bank deposits received by a registered society for charitable or religious purposes is exempt under Section 11(1)(a) of the Income Tax Act, 1961. The court ruled that the society, though not a Trust, qualified for the exemption under the broadened definition of 'Trust' in Section 13(1). Additionally, the court clarified that the exemption was sought under Section 11(1)(a) and not Section 12(1), dismissing the Revenue's appeal as no substantial question of law arose regarding voluntary contributions under Section 12(1). Case-Laws Income Tax Mon, 15 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32475