Supreme Court · 1998 INSC 65 · Decided 4 February 1998
S. RM. M.CT. M. Tiruppani Trust v. The Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1998 INSC 65 · [1998] 1 S.C.R. 653
- Case number
- CIVIL APPEAL No. 1699/1984
- Decided
- 4 February 1998
- Bench
- SUJATA V. MANOHAR, D.P. WADHWA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 256(1), 11, 11(2), 11(1)
Headnote
B ~- Income Tax Act. 1961 : Sll(J)(a)-lncome from property held for charitable or religious purposes-Resolution by trustees to accumulate income of trust for 10 years c cominencing from April 1961 for charitable purposes-Form JO as required u/s 11 (2) filed-During assessment year J 970-7 J Rs. 8 and invested by trust in building a hospital-Trust also earned other income of Rs. l,64,2 JO in that assessment ---""< year-Exemption claimed u/s 11 (J) in respect of both the amounts-High ' -f Court holding that sum of Rs. 8 lakhs was an asset acquired in realisation D ...._ of an
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)