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1959 (5) TMI 17 - SC - Income TaxWhether the trust property is held wholly for religious or charitable purposes within the meaning of section 4(3)(i) of the Indian Income-tax Act ? Whether the trust property is held in part only for religious or charitable purposes ? Held that:- In our opinion the income from the trust properties comes within the scope of section 4(3)(i) and is, therefore, entitled to exemption. Therefore, the negative answer given by the High Court to question No. 1 cannot be supported and that question should be answered in the affirmative. In this view of the matter, question No. 2 does not arise and needs no answer. The result is that this appeal must be allowed and the question No. 1 must be answered in the affirmative
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