2001 (1) TMI 66 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee-trust in a case involving the running of the business of Hamdard Dawakhana and the receipt of income-tax refund. The court held that the quami income was eligible for exemption under section 11 of the Income-tax Act, and that the income-tax refund did not qualify as income derived from property held under trust for charitable purposes. The judgment was delivered by Arijit Pasayat C. J. and D. K. Jain.