https://www.taxtmi.com/caselaws?id=456007 A charitable trust's exemption under Sections 11 and 12A was discussed in relation to the audit-report requirement, with the view that the prescribed certificate is not invalid merely because it is furnished by a Chartered Accountant different from the one who originally audited the accounts, provided the report is otherwise authorised and accurate. The text also explains that additional evidence may be admitted under Rule 29 where it is directly relevant to a statutory exception, including whether shares formed part of trust corpus before 1-6-1973 for purposes of the Section 13(1)(d) exception. The material was treated as relevant to deciding entitlement to exemption, and remand for verification was considered appropriate. en-us Mon, 13 Mar 1989 00:00:00 +0530 Thu, 20 Jun 2024 10:31:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456007 A charitable trust's exemption under Sections 11 and 12A was discussed in relation to the audit-report requirement, with the view that the prescribed certificate is not invalid merely because it is furnished by a Chartered Accountant different from the one who originally audited the accounts, provided the report is otherwise authorised and accurate. The text also explains that additional evidence may be admitted under Rule 29 where it is directly relevant to a statutory exception, including whether shares formed part of trust corpus before 1-6-1973 for purposes of the Section 13(1)(d) exception. The material was treated as relevant to deciding entitlement to exemption, and remand for verification was considered appropriate. Case-Laws Income Tax Mon, 13 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456007