Conditions mentioned in sec.10 are mutually exclusive from condition prescribed in sec. 11

Brief of the case:

In case of DIT (E) Vs. M/s Jasubhai Foundation, Bombay High Court upheld the decision of ITAT in which it was held that section 10 and section 11, though mentioned in same chapter, but conditions mentioned in both sections are mutually exclusive from each other. It was held that in computing the income of charitable institutions exempt u/s 11, income exempt u/s 10 has to be excluded. Section 10 deals with income not included in total income and as far as section 11 is concer

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