https://www.taxtmi.com/highlights?id=79179 Trust exempt u/s 11 - Capital gain computed u/ss 45-49, investment in public sector company treated as permitted capital asset u/s 11(1A). Entire capital gain utilized for purchasing immovable property, AO directed to verify and allow relief. Interest income from fixed deposits and savings accounts, being income from permitted mode of investment u/s 11(5), eligible for deduction u/s 11(1), CIT(A)'s separate disallowance set aside. en-us Sat, 06 Jul 2024 08:09:36 +0530 Sat, 06 Jul 2024 08:09:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79179 Trust exempt u/s 11 - Capital gain computed u/ss 45-49, investment in public sector company treated as permitted capital asset u/s 11(1A). Entire capital gain utilized for purchasing immovable property, AO directed to verify and allow relief. Interest income from fixed deposits and savings accounts, being income from permitted mode of investment u/s 11(5), eligible for deduction u/s 11(1), CIT(A)'s separate disallowance set aside. Highlights Income Tax Sat, 06 Jul 2024 08:09:36 +0530 https://www.taxtmi.com/highlights?id=79179