https://www.taxtmi.com/caselaws?id=169464 Amounts collected by the company as dharmada or charity charges from trading members were not its trading receipts or remuneration, because the rules earmarked them for charitable expenditure and the company had no beneficial right to retain or appropriate them. They were treated in the accounts as funds held for charitable purposes, so they never accrued as income in the company's hands. The question was therefore the initial character of the receipt, not its later application, and the collections were held not to be taxable income of the company. en-us Fri, 23 Sep 1960 00:00:00 +0530 Tue, 21 Apr 2015 14:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169464 Amounts collected by the company as dharmada or charity charges from trading members were not its trading receipts or remuneration, because the rules earmarked them for charitable expenditure and the company had no beneficial right to retain or appropriate them. They were treated in the accounts as funds held for charitable purposes, so they never accrued as income in the company's hands. The question was therefore the initial character of the receipt, not its later application, and the collections were held not to be taxable income of the company. Case-Laws Income Tax Fri, 23 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169464