https://www.taxtmi.com/caselaws?id=169478 A bequest using the word "charity" without qualification was treated as a charitable purpose in its recognised legal sense, so the absence of the word "public" did not take it outside the statutory exemption. The direction to apply three-fourths of the residuary income for charity was also sufficient to create a trust for a defined charitable portion of the residue. Income attributable to that dedicated share was therefore regarded as income from property held wholly for charitable purposes and was exempt from assessment. The assessee succeeded on the substantive question of exemption for the specified portion of the residuary income. en-us Tue, 18 Sep 1945 00:00:00 +0630 Tue, 21 Apr 2015 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169478 A bequest using the word "charity" without qualification was treated as a charitable purpose in its recognised legal sense, so the absence of the word "public" did not take it outside the statutory exemption. The direction to apply three-fourths of the residuary income for charity was also sufficient to create a trust for a defined charitable portion of the residue. Income attributable to that dedicated share was therefore regarded as income from property held wholly for charitable purposes and was exempt from assessment. The assessee succeeded on the substantive question of exemption for the specified portion of the residuary income. Case-Laws Income Tax Tue, 18 Sep 1945 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=169478