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of <h1>Trust income from property rental for marriage hall qualifies for tax exemption under section 11.</h1> <h3>Commissioner of Income-tax Versus Gordhandas Bhagwandas Charitable Trust</h3> The High Court of Madras held that income derived from letting out a property for a marriage hall by a trust constitutes property income and not business ... - The High Court of Madras ruled that income from letting out a property for a marriage hall by a trust is property income, not business income. Therefore, the trust is entitled to exemption under section 11 of the Income-tax Act. The decision was based on a previous case involving similar facts.
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