Sec. 2(15)

Sec. 11(1)(a), Sec. 2(15), Sec. 5(1)(i)

Andhra Pradesh H.C : Whether, on the facts and in the circumstances of the case and on a proper construction of the scope and effect of the judgment of the Chief judge of the City Civil Court, Hyderabad, in the proceedings under s. 34 of the Indian Trusts Act, the Tribunal is correct in holding that as on the relevant valuation dates corresponding to the asst. yrs. 1974-75 and 1975-76, the corpus of the trust fund cannot be said to have been held in trust for charitable or religious purposes in India and the assessee-trust is, therefore, not entitled to exemption under s. 5(1)(i) of the WT Act, 1957, in respect of the corpus of the trust fund ?

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High Court Of Andhra Pradesh Trustees Of H.E.H. The Nizam’S Pilgrimage Money Trust vs. Commissioner Of Wealth Tax/Income Tax Sections […]

Sec. 2(15), Section 4, Section 62

Calcutta H.C : Whether, on the facts and in the circumstances of the case, and on a proper interpretation of the deed of trust executed on 24th July, 1959, the Tribunal was right in holding that a legally valid trust had been created and the ownership of 30,000 shares in M/s Metal Distributors (P.) Ltd. had been transferred by the assessee to the said trust ? 2. Whether, on the facts and in the circumstances Of the case, the Tribunal was right in holding that the income of the said trust could not be assessed in the hands of the assessee?

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High Court Of Calcutta CIT vs. Ghanshyamdas Binani Sections 4, 62, 2(15) Asst. Year 1960-61, 1962-63, 1963-64, 1964-65 Sabyasachi Mukharji

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