Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1954 (8) TMI 30 - HC - Income Tax
Extract:
.......usiness which is held in trust wholly for a charitable purpose, and therefore that income need not be included in the total income of the assessee. We, therefore, answer question (2), after reframing it by deleting from it the words "under section 4(3)(ia) of the Income-tax Act or on the ground raised by the assessee", in the affirmative.