THE COMMISSIONER OF INCOME TAX, HYD vs. CARGO HANDLING PRIVATE WORKERS POOL, VISAKHAPATNAM

Accordingly, the I.T.T.A. is dismissed

Bench: C.PRAVEEN KUMAR,TARLADA RAJASEKHAR RAO

d) contemplates that, a Charitable Trust will lose 19 exemption under Sections 11 or 12, if any funds of Trust are invested otherwise than in any one or more of the forms or modes specified in Section 11(5) of the Act. It is also to be noted that, under Section 13(2)(a), if any part of income