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1976 (3) TMI 5 - SC - Income Tax
Whether the income of the trust which was spent on the religious and charitable purposes within the taxable territories was exempt u/s 4(3)(i) - If one of the objects of the trust deed is not of a religious or charitable nature and the trust deed confers full discretion on the trustees to spend the trust funds for an object other than of a religious or charitable nature, the exemption under section 4(3)(i) of the Act is not available to the assessee