Supreme Court · 1998 INSC 259 · Decided 16 July 1998
M/S R.B. Shreeram Religious and Charitable Trust v. The Commissioner of Income-Tax Vidarbha, Nagpur
- Court
- Supreme Court of India
- Citation
- 1998 INSC 259 · [1998] 3 S.C.R. 697
- Case number
- CIVIL APPEAL No. 1761/1987
- Decided
- 16 July 1998
- Bench
- SUJATA V. MANOHAR, S. RAJENDRA BABU (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 12(I), 12(1)
Headnote
Income Tax Act. 1961 : S.2(24) (as it stood prior to amendment made by Finance Act, 1972), A B c s.12 (!)-Income of trust for charitable or religious purposes-Amounts received by trust as voluntary contribution-Exclusion from total income­ Held, since voluntary contribution was not applicable for religious or charitable purposes, assessee trust cannot get D benefit of s.12 (!)-Sub-section(!) refers to income in the form of voluntary contributions received by recepient trust-It has no reference to income which may later on be derived from investment of such voluntary contributions. The
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