https://www.taxtmi.com/caselaws?id=437467 The Tribunal dismissed the appeal by the revenue and the cross-objection by the assessee, upholding the Ld. CIT(A)'s decision regarding the deduction under Section 57(iv) of the Income Tax Act from interest received on compensation and the inclusivity of income of the trust under Section 11 of the Act. The order pronounced on 4th May, 2023, supported the allowance of deductions claimed by the appellant and affirmed that no separate deduction is allowable for trust income under Section 11. en-us Thu, 04 May 2023 00:00:00 +0530 Sat, 06 May 2023 10:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437467 The Tribunal dismissed the appeal by the revenue and the cross-objection by the assessee, upholding the Ld. CIT(A)'s decision regarding the deduction under Section 57(iv) of the Income Tax Act from interest received on compensation and the inclusivity of income of the trust under Section 11 of the Act. The order pronounced on 4th May, 2023, supported the allowance of deductions claimed by the appellant and affirmed that no separate deduction is allowable for trust income under Section 11. Case-Laws Income Tax Thu, 04 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437467