https://www.taxtmi.com/caselaws?id=177292 The High Court of Madras ruled that income from the Fund is not taxable as it does not benefit subscribers. The stakeholder cannot receive the income and therefore cannot be taxed on it. The government is responsible for the assessee's costs. en-us Mon, 30 Jan 1922 00:00:00 +0530 Wed, 06 Jan 2016 16:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177292 The High Court of Madras ruled that income from the Fund is not taxable as it does not benefit subscribers. The stakeholder cannot receive the income and therefore cannot be taxed on it. The government is responsible for the assessee's costs. Case-Laws Income Tax Mon, 30 Jan 1922 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177292