https://www.taxtmi.com/caselaws?id=68868 A public religious trust was recognised on the basis of its deed and objects, but that character did not by itself confer complete exemption from agricultural income tax. Unspent agricultural income remained taxable under the Tamil Nadu Agrl. IT Act, with the earlier Income-tax Act principles applying mutatis mutandis to such income. The Tribunal also accepted that genuine expenditure for charitable or public purposes could be reasonably estimated and allowed even without vouchers or full accounts, and it sustained the income estimates as not unreasonable. The overall assessments were upheld. en-us Mon, 15 Mar 1976 00:00:00 +0530 Sat, 02 Apr 2011 11:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68868 A public religious trust was recognised on the basis of its deed and objects, but that character did not by itself confer complete exemption from agricultural income tax. Unspent agricultural income remained taxable under the Tamil Nadu Agrl. IT Act, with the earlier Income-tax Act principles applying mutatis mutandis to such income. The Tribunal also accepted that genuine expenditure for charitable or public purposes could be reasonably estimated and allowed even without vouchers or full accounts, and it sustained the income estimates as not unreasonable. The overall assessments were upheld. Case-Laws Income Tax Mon, 15 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68868