Violation of Section 13(1)(c) Doesn't Justify Full Denial of Section 11 Exemption; Only Misused Income Affected.

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....Exemption u/s 11 - violation of the provision of Section 13(1)(c) on account of payment of remuneration to specified person - In the event of any violation of provision of section 13, the entire exemption u/s 11 cannot be denied and would be restricted only to this extent of income misused by the Trust. Accordingly, we hold that the Assessing Officer was not justified in completing denying exemption u/s 11. - AT....