Bombay Tenancy & Agricultural Lands Act | Trust Land Must Be Included In Schedule-I To Claim Exemption, Order U/S 88B Insufficient: High Court

The Bombay High Court ruled that for a trust to claim exemption under Section 88-B of the Bombay Tenancy and Agricultural Lands Act, it must specifically include this exemption in its schedule. The court emphasized that trusts should clearly state their eligibility to qualify for such exemptions in their documentation. The judgment reinforces the importance of precise compliance with statutory requirements for exemptions and highlights the need for trusts to be diligent in their administrative and legal procedures to avoid disputes.