1996 (3) TMI 42 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the assessee, Bhilai Mahila Samaj, a charitable trust, allowing their claim for exemption under section 11 of the Income-tax Act. The court held that the provisions of section 13(1)(bb) were not applicable to the trust's case. The Tribunal's decision was upheld, and the questions of law were answered in favor of the assessee and against the Revenue.