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1 - 3 of 3 (0.25 seconds)Commissioner Of Income-Tax, Central-I vs Jayashree Charity Trust on 11 December, 1984
8. We find that almost in similar circumstances, the Calcutta High Court in the case of Commissioner of Income Tax, Central I, Calcutta v. Jayashree Charitable Trust , has held that immunity from tax that has been granted to an income from the charitable trust, cannot be denied on the ground that deemed income from the trust has not been spent for the purposes of charity. In that case tax on source was deducted from the dividend income of the trust and the amount that was deducted from the lax at source, had not been spent for charitable purpose. The Calcutta High Court has held that such amount cannot be included in the income of the trust for the purpose of application of income towards the object of the trust.
Section 256 in The Income Tax Act, 1961 [Entire Act]
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