TMI BlogExemptions available to trusts u/s.11 and 12.X X X X Extracts X X X X X X X X Extracts X X X X ..... Income - Tax Act, 1961 The Finance Act of 1970 has made substantial changes regarding the exemptions available to trusts u/s.11 and 12 of the I.T.Act and all the trust cases will now need careful scr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o be emphasized on all the ITOs that while proper scrutiny of the trust cases has to be done, there should be no undue delay in issue of refunds or exemption orders u/s.80 G of the I.T.Act,1961. 2. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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