1968 (10) TMI 16

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..... hat giving food, clothing, education, marriage and funeral expenses of members of the executor's family who are poor and suffering on account of financial distress would also be a charitable object
Judge(s) : P. NARAYANA PILLAI., M. U. ISAAC. JUDGMENT The judgment of the court was delivered by ISAAC J.-This is a reference under section 66(2) of the Indian Income-tax Act, 1922 as directed by .....

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..... tionery, salary, printing charges, etc., and the remainder shall be divided into 4 equal parts and expended in the manner hereinafter described. (13-a) One share of the four parts referred to above should be utilised for effecting improvements to any of the existing buildings and for putting up new buildings for being let out on rent. (13-b) There are now 3 equal parts remaining to be dealt with .....

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..... ribed in para. (13-a), above. " The question whether one-fourth of the income derived from B and C schedule properties is exempt from liability to pay income-tax under section 4(3)(i) of the Act was raised before this court in I.T.R. Case No. 23 of 1963; and this court decided that question in favour of the assessee. This reference relates to one-half of one-fourth of the income from Band C sched .....

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..... exemption. There can also be no doubt that giving food, clothing, education, marriage and funeral expenses of members of the executor's family who are poor and suffering on account of financial distress would also be a charitable object. Therefore, the whole of this one-eighth share of the income would be entitled to exemption under section 4(3)(i) of the Act. In the result, we answer the questi .....

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