https://www.taxtmi.com/caselaws?id=794453 For A.Y. 2015-16, deemed application of trust income under Explanation 2(ii)(b) to section 11(1) required only a written exercise of option before the due date under section 139(1). The later prescription to file the option in a specified form applied only from A.Y. 2016-17 and could not operate retrospectively. On the stated facts, the assessee had disclosed the claim and supporting particulars before assessment, and later use of the amount for charitable purposes was also shown, so non-filing of Form 9A or Form 10 did not defeat the claim. en-us Mon, 01 Jun 2026 00:00:00 +0530 Mon, 06 Jul 2026 08:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794453 For A.Y. 2015-16, deemed application of trust income under Explanation 2(ii)(b) to section 11(1) required only a written exercise of option before the due date under section 139(1). The later prescription to file the option in a specified form applied only from A.Y. 2016-17 and could not operate retrospectively. On the stated facts, the assessee had disclosed the claim and supporting particulars before assessment, and later use of the amount for charitable purposes was also shown, so non-filing of Form 9A or Form 10 did not defeat the claim. Case-Laws Income Tax Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794453