Commissioner Of Income-Tax vs Surji Devi Kunji Lal Jaipuria ... on 9 August, 1990
2. An identical question was considered by this court in Income-tax Reference No. 617 of 1977 disposed of on August 9, 1990 (CIT v. Surjit Devi
Kunji Lal Jaipuria Charitable Trust (No, 2) [1990] 186 ITR 745). It was held that a stipulation of the kind referred to in the question does not render the trust a non-charitable one. Following the said decision, the question referred herein is answered in the negative, i.e., in favour of the assessee and against the Revenue.