| Citation(s) |
|---|
| 2002 SLG 1574 2002 SLD 1574 2002 PTD 526 (2001) 250 ITR 666 |
Supreme Court of India
Civil Appeals Nos. 5890 to 5895 of 1998 with Civil Appeals Nos. 1495 and 1496 of 2000, decision dated: 22-02-2001
S. P. BHARUCHA, N. SANTOSH HEGDE AND Y. K. SABHARWAL, JJ
G. Umapathy and Rakesh K. Sharma, Advocates for Appellant. B.B. Ahuja, Senior Advocate (Ajay Sharma, B.V. Balram Das and Ms. Sushama Suri, Advocates with him)
Civil Appeals Nos. 5890 to 5895 of 1998 with Civil Appeals Nos. 1495 and 1496 of 2000, decision dated: 22-02-2001
S. P. BHARUCHA, N. SANTOSH HEGDE AND Y. K. SABHARWAL, JJ
G. Umapathy and Rakesh K. Sharma, Advocates for Appellant. B.B. Ahuja, Senior Advocate (Ajay Sharma, B.V. Balram Das and Ms. Sushama Suri, Advocates with him)
GANGABAI CHARITIES
VS
COMMISSIONER OF WEALTH TAX
Law:
Section:
Wealth tax-----Exemption---Charitable trust---Purpose not confined to religious or chartiable use---Property could be used for social, cultural and allied purposes at sole discretion of trustee---Trust not entitled to exemption--Indian Wealth Tax Act, 1957, S.5(1)(i). Under a trust deed the purposes for which the trust property could be put to were not confined to religious or charitable use: the property could be used for social, cultural and other allied purposes at the sole discretion of the trustee. The High Court held that the trust was not entitled to exemption under section 5(1)(i) of the Wealth Tax Act, 1957 (see…
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