Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1985 (9) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1985 (9) TMI 1 - SUPREME COURTIncome derived by the two assessees as beneficiaries under the deed of wakf executed by their grandfather in 1942 ; the subject-matter of the wakf was bidi business - In the hands of the assessee, who is a mutawalli, the income is to be assessed under " other sources " as business belongs to the wakf - Since it is only after distribution from the wakf, that the assessee receives the income as a beneficiary, he is not entitled to earned income relief u/s 2(6AA).
|