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Denial of Benefits Under Income Tax Act's Section 11 Applies Only to Non-Compliant Income Portions of a Trust.

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Full Text of the Document

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....Denial of benefit u/s 11 - diversion of income - On a plain reading of Sections 11 and 13 of the Act, it is clear that the legislature did not contemplate the denial the benefit of Section 11 of the Act to the entire income of the Trust.....