1938 (1) TMI 25 - HC - Income Tax

Summary

The High Court of Calcutta held that maintenance allowance paid to the Settlor's widow should be excluded from the income of the assessees for tax purposes. The judgment referenced clauses 3 and 12 of the deed of July 15, 1927, and cited legal authority from a previous case. The Court found fault with both parties for lack of clarity in presenting facts. No costs were ordered. Justices Khundkar and Mukherjea concurred with the decision.