https://www.taxtmi.com/caselaws?id=168539 Mutavalees who joined to hold, manage and administer wakf properties were treated as an association of individuals for income-tax purposes. However, they were not assessable as owners under Section 9 of the Indian Income-tax Act, 1922 because that provision turned on entitlement to the annual value and the real income-producing enjoyment of the property, not merely legal title to the corpus. The beneficiaries, being the persons beneficially entitled to the income, were held to be directly assessable on the wakf income. The exemption for property held wholly for religious or charitable purposes did not apply on the facts. en-us Tue, 01 Nov 1938 00:00:00 +0530 Wed, 11 Mar 2015 15:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168539 Mutavalees who joined to hold, manage and administer wakf properties were treated as an association of individuals for income-tax purposes. However, they were not assessable as owners under Section 9 of the Indian Income-tax Act, 1922 because that provision turned on entitlement to the annual value and the real income-producing enjoyment of the property, not merely legal title to the corpus. The beneficiaries, being the persons beneficially entitled to the income, were held to be directly assessable on the wakf income. The exemption for property held wholly for religious or charitable purposes did not apply on the facts. Case-Laws Income Tax Tue, 01 Nov 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168539