https://www.taxtmi.com/highlights?id=96178 Charitable trust investments in a partnership in which a trustee had a substantial interest were held to contravene the prescribed mode of investment requirement and to fall within the related-party exclusion, thereby attracting disqualification of exemption. The reasoning emphasised that the investment was not made in modes authorised for trusts and that the recipient qualified as a related party, invoking the statutory exclusion and nullifying the trust exemption; consequently the trusts income was treated as taxable at the maximum marginal rate and the assessing officers allowance was revised on that basis. en-us Tue, 20 Jan 2026 06:31:17 +0530 Tue, 20 Jan 2026 06:31:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96178 Charitable trust investments in a partnership in which a trustee had a substantial interest were held to contravene the prescribed mode of investment requirement and to fall within the related-party exclusion, thereby attracting disqualification of exemption. The reasoning emphasised that the investment was not made in modes authorised for trusts and that the recipient qualified as a related party, invoking the statutory exclusion and nullifying the trust exemption; consequently the trusts income was treated as taxable at the maximum marginal rate and the assessing officers allowance was revised on that basis. Highlights Income Tax Tue, 20 Jan 2026 06:31:17 +0530 https://www.taxtmi.com/highlights?id=96178