https://www.taxtmi.com/caselaws?id=37240 The High Court of Kerala ruled in favor of a charitable trust, Shree Padmanabhaswami Temple Trust, Trivandrum, regarding exemption under section 11 of the Income Tax Act. The Court held that imposing a time limit for investments in Form No. 10 exceeded statutory provisions, aligning with the Supreme Court's view that time elements cannot be included in such rules. Investments made after the specified period in Form No. 10 were deemed eligible for exemption under section 11(2), resulting in the income being exempt from taxation. No costs were awarded in the case. en-us Fri, 16 Feb 1979 00:00:00 +0530 Sat, 27 Mar 2010 15:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37240 The High Court of Kerala ruled in favor of a charitable trust, Shree Padmanabhaswami Temple Trust, Trivandrum, regarding exemption under section 11 of the Income Tax Act. The Court held that imposing a time limit for investments in Form No. 10 exceeded statutory provisions, aligning with the Supreme Court's view that time elements cannot be included in such rules. Investments made after the specified period in Form No. 10 were deemed eligible for exemption under section 11(2), resulting in the income being exempt from taxation. No costs were awarded in the case. Case-Laws Income Tax Fri, 16 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37240