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1 - 2 of 2 (0.29 seconds)Nachimuthu Industrial Association vs Commissioner Of Income Tax, Madras on 17 December, 1997
In his order, the CIT has referred to a judgment of the Madras High Court in Nachimuthu Indus Uial Association v. CIT . In this case, it was found that the property itself did not exist on the date of the resolution passed for giving a donation by the trust to the polytechnic. It was, therefore, held that there was no question of any trust coming into existence and the resolution was a mere expression of a pious opinion. The present case is different. Here, there was in fact a dedication of Rs. 500 to the trust which was the initial contribution and it is not the case of the CIT that this contribution was not in fact made or did not exist when the trust was established. The CIT, in our opinion, was not justified in relying on this decision for refusing registration to the trust.
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