https://www.taxtmi.com/caselaws?id=40270 SC held that the trust was not entitled to exemption under section 11 for the assessment years in question because its newspaper business did not itself accomplish the trust's primary charitable objects and thus fell outside section 13(1)(bb) and s.4A exceptions. The Court rejected a res judicata bar to the Revenue's challenge, noting the earlier decision predated s.13(1)(bb). However, the Court ruled the trust is entitled to section 11 relief from assessment year 1992-93 onward, since the business income was applied to charitable purposes and separate books of account were maintained. en-us Wed, 31 Jan 2001 00:00:00 +0530 Mon, 06 Oct 2025 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40270 SC held that the trust was not entitled to exemption under section 11 for the assessment years in question because its newspaper business did not itself accomplish the trust's primary charitable objects and thus fell outside section 13(1)(bb) and s.4A exceptions. The Court rejected a res judicata bar to the Revenue's challenge, noting the earlier decision predated s.13(1)(bb). However, the Court ruled the trust is entitled to section 11 relief from assessment year 1992-93 onward, since the business income was applied to charitable purposes and separate books of account were maintained. Case-Laws Income Tax Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40270