1979 (11) TMI 71 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee, a charitable trust, allowing the deduction of Rs. 10,000 paid to its trustees for management charges. The Tribunal found the payment to be permissible under the Charitable and Religious Trusts Act, 1922, as the trustees were managing the trust's affairs. The court held that the payment was for the purpose of the trust and thus an admissible deduction.