Trust's Capital Gain and Interest Income Qualify for Relief and Deduction u/ss 11, 11(1A), and 11(5).

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....Trust exempt u/s 11 - Capital gain computed u/ss 45-49, investment in public sector company treated as permitted capital asset u/s 11(1A). Entire capital gain utilized for purchasing immovable property, AO directed to verify and allow relief. Interest income from fixed deposits and savings accounts, being income from permitted mode of investment u/s 11(5), eligible for deduction u/s 11(1), CIT(A)'s separate disallowance set aside.....