Supreme Court · 1977 INSC 169 · Decided 22 August 1977
Commissioner of Income Tax v. Dharmodayan & CO., Kerala
- Court
- Supreme Court of India
- Citation
- 1977 INSC 169 · [1978] 1 S.C.R. 319
- Case number
- CIVIL APPEAL No. 1521/1973
- Decided
- 22 August 1977
- Bench
- Y.V. CHANDRACHUD, P.S. KAILASAM (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 4(3)(i)
Headnote
OF INCOME TAX v, DHARMODAY AN & CO., KERALA August 22, 1977 [Y. V. CIIANDRACHUD AND P. S. KAILASAM JJ.] 319 lru:ome-Tax Act, 1961-ss. ll(l)(a) and 2(lS) and Indian Income-Tax A.Ct. 1922-s. 4(3)(i)-Scope of change in the two provisions. Assessee carrying. on business of kuries (chit Act-Earlier decision, if good law. Under s. 4(3) (i) of the Indian Income-tax Act, 1922 income derived from pcoperty held under trust for religious or charitable purposes was exempt from taxation in so far as such income was applied for those purposes. By cl. (b) of the proviso to s. 4(3)(i)
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