Supreme Court · 1966 INSC 241 · Decided 31 October 1966
The Commissioner of Income-Tax, Bombay v. SMT. Kasturbai Walchand Trust, Bombay
- Court
- Supreme Court of India
- Citation
- 1966 INSC 241 · [1967] 2 S.C.R. 7
- Case number
- CIVIL APPEAL No. 180/1966
- Decided
- 31 October 1966
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 4(3)(i)
Headnote
OF INCOME-TAX, BOMBAY v. SMf. KASTURBAI WALCHAND TRUST, BOMBAY October 31, 1966 B [J. C. SHAH, V. RAMAsWAMI AND V. BHARGAVA, JJ.) c D E F G H Income Tw: Act 1922, s. 4(3) (i)-Income of trust property-payable to beneficiary during htr lifetime-Thereafter for specified charitable pur­ receivable by beneficiary or 1ry 111111 on behalf of beneficiary. By a deed executed in November 1946, the respondent and her bus· band created a trust in respe1:t of their properties. In accordance wilh Cause 7 of the deed, the income of the trust properties was to be paid to the
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