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Income Tax - Highlights / Catch Notes

Home Highlights February 2012 Year 2012 This

Contravention of provisions of Section 13(1)(c) and 13(3) of the ...


Court Rules Trust Income Taxable Due to Violation of Income Tax Act Sections 13(1)(c) and 13(3) Provisions.

February 23, 2012

Case Laws     Income Tax     HC

Contravention of provisions of Section 13(1)(c) and 13(3) of the Income Tax Act, 1961 - in view of clause (c) of Section 13(1) rendering the entire income of Trust or charitable institution on liable to tax even if only part of income is directed to be applied for the benefit of the specified persons - Decided against the assessee - HC

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