https://www.taxtmi.com/caselaws?id=60110 The Tribunal upheld the Commissioner (Appeals) decision in a case concerning the entitlement to exemption under section 11 of the Income-tax Act, 1961. It ruled that the assessee-trust retained its exemption under section 11 as it was not affected by section 13. Additionally, the Tribunal held that the assessee was entitled to the benefit of section 11(1A) for capital gains, as the conditions under section 13 were not cumulatively satisfied. The appeal was dismissed, emphasizing the significance of meeting all conditions under section 13 to impact the exemption under section 11. en-us Mon, 24 Mar 1986 00:00:00 +0530 Mon, 03 Jan 2011 17:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60110 The Tribunal upheld the Commissioner (Appeals) decision in a case concerning the entitlement to exemption under section 11 of the Income-tax Act, 1961. It ruled that the assessee-trust retained its exemption under section 11 as it was not affected by section 13. Additionally, the Tribunal held that the assessee was entitled to the benefit of section 11(1A) for capital gains, as the conditions under section 13 were not cumulatively satisfied. The appeal was dismissed, emphasizing the significance of meeting all conditions under section 13 to impact the exemption under section 11. Case-Laws Income Tax Mon, 24 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60110