High Court Clarifies Income Tax Act: Income Exempted u/s 10(33) Cannot Be Considered u/s 11.

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....Exemption u/s. 10(33) - There is nothing in the language of sections 10 or 11 which says that what is provided by section 10 or dealt with is not to be taken into consideration or omitted from the purview of section 11 - the income which in this case the assessee trust has not included by virtue of section 10, then, that cannot be considered under section 11 - HC....