https://www.taxtmi.com/caselaws?id=780206 ITAT upheld the first appellate order that alleged contravention of s.13(1)(d)/(2)(h) did not apply because the share holdings were merely bonus accruals, so denial of s.11 exemption on that ground was not sustained. The Tribunal held that, because registration under s.12A was cancelled for FY 2014-15, the assessee could not claim s.11 relief and therefore exemptions under s.10(34) and s.10(35) for dividend and unit income were admissible. The matter of deduction under s.80G was remitted to the AO for verification so appropriate deduction may be granted in line with prevailing precedents. en-us Fri, 10 Oct 2025 00:00:00 +0530 Sat, 25 Oct 2025 09:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780206 ITAT upheld the first appellate order that alleged contravention of s.13(1)(d)/(2)(h) did not apply because the share holdings were merely bonus accruals, so denial of s.11 exemption on that ground was not sustained. The Tribunal held that, because registration under s.12A was cancelled for FY 2014-15, the assessee could not claim s.11 relief and therefore exemptions under s.10(34) and s.10(35) for dividend and unit income were admissible. The matter of deduction under s.80G was remitted to the AO for verification so appropriate deduction may be granted in line with prevailing precedents. Case-Laws Income Tax Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780206