https://www.taxtmi.com/caselaws?id=55461 The Tribunal held that the trust's income was taxable under Section 13(1)(bb) of the Income Tax Act, 1961, as its activities aimed at earning profits fell within the purview of the section. The Tribunal reversed the CIT(A)'s decision, finding that income derived from partnership firms and interest income was taxable under Section 13(1)(bb). The issue of filing Form No. 10 was left open for the assessee to seek redressal from the concerned authorities. en-us Wed, 13 Jul 1988 00:00:00 +0530 Sat, 27 Nov 2010 11:48:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55461 The Tribunal held that the trust's income was taxable under Section 13(1)(bb) of the Income Tax Act, 1961, as its activities aimed at earning profits fell within the purview of the section. The Tribunal reversed the CIT(A)'s decision, finding that income derived from partnership firms and interest income was taxable under Section 13(1)(bb). The issue of filing Form No. 10 was left open for the assessee to seek redressal from the concerned authorities. Case-Laws Income Tax Wed, 13 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55461