1992 (3) TMI 22 - HC - Income Tax

Summary

The High Court of Calcutta ruled in favor of the assessee, a public charitable trust, allowing exemption under section 11 of the Income-tax Act for the assessment year 1984-85. The Tribunal's decision was upheld, stating that the amended provisions of section 13(1)(d) only apply when the cut-off date falls within the relevant previous year. The judgment was delivered by Judges Shyamal Kumar Sen and Ajit Kumar Sengupta.