https://www.taxtmi.com/caselaws?id=58632 The Appellate Tribunal ITAT BOMBAY-C ruled in favor of the respondent public charitable trust in an appeal against the revenue regarding exemption under section 11 of the IT Act. The Tribunal determined that the amount in question, received as residual income from another trust, did not constitute an impermissible investment under section 11(5). By analyzing the concept of "investment" and distinguishing it from a donation, the Tribunal held that the assessee was entitled to the exemption benefits, overturning the Income Tax Officer's decision and affirming the CIT(Appeals) order. The revenue's appeal was dismissed. en-us Tue, 10 Dec 1991 00:00:00 +0530 Tue, 21 Dec 2010 12:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58632 The Appellate Tribunal ITAT BOMBAY-C ruled in favor of the respondent public charitable trust in an appeal against the revenue regarding exemption under section 11 of the IT Act. The Tribunal determined that the amount in question, received as residual income from another trust, did not constitute an impermissible investment under section 11(5). By analyzing the concept of "investment" and distinguishing it from a donation, the Tribunal held that the assessee was entitled to the exemption benefits, overturning the Income Tax Officer's decision and affirming the CIT(Appeals) order. The revenue's appeal was dismissed. Case-Laws Income Tax Tue, 10 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58632