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2013 (3) TMI 50 - HC - Income TaxWhether Tribunal is right in holding that the Trust is a charitable whereas the matter on this point in earlier years is still subjudice before the Supreme Court? - Held that:- Respectfully following the decision inter-se party CIT Vs. Shervani Sugar Sindicate Ltd. [1992 (3) TMI 34 - ALLAHABAD HIGH COURT], the present reference on the same terms and conditions answered i.e. in favour of the Revenue, and the matter is sent back to the Assessing Officer to make fresh assessment in accordance with law after ignoring rectification made in the trust deed.
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