https://www.taxtmi.com/caselaws?id=5794 Exemption under section 5(1)(i) of the Wealth-tax Act depends on the charitable or religious purpose being in India; the mere fact that the trust property is situated in India is insufficient where the income is directed to be spent outside India. The statutory words "in India" qualify the purpose, not the property, so situs alone does not create eligibility. A civil court order passed under section 34 of the Indian Trusts Act, in proceedings relating to a private trust, did not validly alter the objects of a public charitable and religious trust or attract cy pres. The trust therefore remained outside the exemption. en-us Thu, 20 Apr 2000 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5794 Exemption under section 5(1)(i) of the Wealth-tax Act depends on the charitable or religious purpose being in India; the mere fact that the trust property is situated in India is insufficient where the income is directed to be spent outside India. The statutory words "in India" qualify the purpose, not the property, so situs alone does not create eligibility. A civil court order passed under section 34 of the Indian Trusts Act, in proceedings relating to a private trust, did not validly alter the objects of a public charitable and religious trust or attract cy pres. The trust therefore remained outside the exemption. Case-Laws Wealth-tax Thu, 20 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5794