https://www.taxtmi.com/caselaws?id=59093 The tribunal allowed the appeal, reinstating relief under section 80K for a charitable trust holding shares in a company. It clarified that charitable trusts are eligible for deductions under section 80K and disagreed with the Assistant Commissioner of Income Tax's interpretation that such trusts are exempt from such relief. The tribunal emphasized that relief under section 80K is granted based on determining gross total income, as per the Income-tax Act provisions, and reversed the decision to withdraw the relief. en-us Thu, 14 Jul 1983 00:00:00 +0530 Thu, 23 Dec 2010 18:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59093 The tribunal allowed the appeal, reinstating relief under section 80K for a charitable trust holding shares in a company. It clarified that charitable trusts are eligible for deductions under section 80K and disagreed with the Assistant Commissioner of Income Tax's interpretation that such trusts are exempt from such relief. The tribunal emphasized that relief under section 80K is granted based on determining gross total income, as per the Income-tax Act provisions, and reversed the decision to withdraw the relief. Case-Laws Income Tax Thu, 14 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59093