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Trustees Misuse Trust Property, Violating Sections 13(1)(c) & 13(1)(d); Assessing Officer to Identify Non-Exempt Income.
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....Exemption u/s 11 - trustees have used property then trust - violation of provision of Section 13(1)(c) and 13 (1)(d) - The residential premises of the assessee trust are applied for the benefit of the specified persons. Therefore, the learned Assessing Officer is direct to determine the part of such income or property of the trust on which it loses the exemption. - AT....