https://www.taxtmi.com/caselaws?id=59753 The Tribunal upheld the Dy. Commissioner's decision, confirming no violation of section 13(1)(d) and granting exemption under section 11 to the charity trust for the years 1986-87 and 1987-88. The trust's assignment of funds from M/s. W. H. Harton & Co. Ltd. was deemed an actionable claim, not an investment, allowing for the benefit of section 11. The Revenue's appeal was dismissed, affirming the trust's entitlement to exemption despite alleged violations. en-us Fri, 29 May 1992 00:00:00 +0530 Fri, 31 Dec 2010 19:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59753 The Tribunal upheld the Dy. Commissioner's decision, confirming no violation of section 13(1)(d) and granting exemption under section 11 to the charity trust for the years 1986-87 and 1987-88. The trust's assignment of funds from M/s. W. H. Harton & Co. Ltd. was deemed an actionable claim, not an investment, allowing for the benefit of section 11. The Revenue's appeal was dismissed, affirming the trust's entitlement to exemption despite alleged violations. Case-Laws Income Tax Fri, 29 May 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59753