1997 (8) TMI 10 - HC - Income Tax

Summary

The High Court of Madras dismissed the assessee's claim for tax exemption for the assessment year 1983-84 as the assessee failed to prove compliance with section 4(b) of the Tamil Nadu Agricultural Income-tax Act. The court held that the assessee did not provide evidence of being recognized as a charitable trust under the Income-tax Act, resulting in the income being liable for tax. The Tribunal's decision to uphold the Appellate Assistant Commissioner's order was deemed legal. The revision was dismissed with no costs.