1981 (4) TMI 145 - AT - Income Tax

Summary

The appellant trust was assessed to agricultural income-tax, but the tribunal found that since the non-agricultural income of the trust was below the taxable limit under the Central Act, it was not liable to tax. The appeals were allowed, and the institution fees were ordered to be refunded in full. (Case citation: 1981 (4) TMI 145 - ITAT MADRAS)