https://www.taxtmi.com/caselaws?id=36436 The court ruled in favor of the assessee on all issues. The reassessment under section 147 was deemed valid, income as per the trust's books was considered for section 11 purposes, compliance with section 11(2) was met for certain years, and no income was taxable due to fulfillment of section 11(2) conditions for the relevant years. The assessee was awarded costs and an advocate's fee. en-us Fri, 10 Feb 1978 00:00:00 +0530 Mon, 22 Mar 2010 13:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36436 The court ruled in favor of the assessee on all issues. The reassessment under section 147 was deemed valid, income as per the trust's books was considered for section 11 purposes, compliance with section 11(2) was met for certain years, and no income was taxable due to fulfillment of section 11(2) conditions for the relevant years. The assessee was awarded costs and an advocate's fee. Case-Laws Income Tax Fri, 10 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36436