https://www.taxtmi.com/caselaws?id=58802 The appeal was in favor of the assessee-trust, directing the ITO to grant exemption under s. 11 of the IT Act for the assessment year 1985-86. The denial of exemption based on various grounds including investments and business activities was deemed unjustified. The trust's investments and activities were found to align with the prescribed modes under the relevant sections of the Act. The department's objections were dismissed, and the appeal was allowed in favor of the assessee-trust. en-us Wed, 28 Feb 1990 00:00:00 +0530 Wed, 22 Dec 2010 12:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58802 The appeal was in favor of the assessee-trust, directing the ITO to grant exemption under s. 11 of the IT Act for the assessment year 1985-86. The denial of exemption based on various grounds including investments and business activities was deemed unjustified. The trust's investments and activities were found to align with the prescribed modes under the relevant sections of the Act. The department's objections were dismissed, and the appeal was allowed in favor of the assessee-trust. Case-Laws Income Tax Wed, 28 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58802