Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu
Permanent Trustees, have received a sum of Rs.53,03,400/- and Rs.13,74,260/- on sale of lands to the Trust measuring 13.176 acres and 3.280 acres respectively in the year 2001~02. 11. In view of the findings discussed above, the assessee-trust is not eligible for exemption u/s. 11 of the Income tax Act, 1961. Therefore, the Status