Supreme Court · 1997 INSC 538 · Decided 8 July 1997
Commissioner of Income Tax, Amritsar v. Tattan Trust Amritsar ETC.
- Court
- Supreme Court of India
- Citation
- 1997 INSC 538 · [1997] SUPP. 1 S.C.R. 555
- Case number
- CIVIL APPEAL No. 2328/1983
- Decided
- 8 July 1997
- Bench
- S.C. AGRAWAL, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 11, 13
Headnote
Income TaxAct, 1961-Section 13(1) (c) (ii), first proviso-Wealth Tax Act, 1957-Section 21-A, first proviso-Interpretation & applicability of-Held, Trust should have been created before commencement of Income Tax Act, C 1961-Proviso would apply only in case Trust created before 1-4-1962 they were interested. Assessee was a trust created by Deed of Trust dated 26-3-1942. Clause 41 of the Trust Deed provided for amendment to the provisions of the Trust D Deed with regard to the conduct and the management of the trust and in pursuance of such powers the trustees passed a
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