https://www.taxtmi.com/caselaws?id=6726 Agricultural income from properties permanently endowed under a family partition deed remained exempt under section 4(b) of the Madras Agricultural Income-tax Act, 1955, because the decisive test is the extent of the dedication, not the later use of the income. Reading the deed as a whole, the properties were wholly held under trust for the specified religious or charitable purposes, and a clause allowing the turn trustee to appropriate any yearly surplus did not reduce the dedication to a partial trust. The entire income from the properties was therefore outside tax under section 4(b). en-us Mon, 18 Jul 1966 00:00:00 +0530 Sun, 01 Feb 2009 12:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6726 Agricultural income from properties permanently endowed under a family partition deed remained exempt under section 4(b) of the Madras Agricultural Income-tax Act, 1955, because the decisive test is the extent of the dedication, not the later use of the income. Reading the deed as a whole, the properties were wholly held under trust for the specified religious or charitable purposes, and a clause allowing the turn trustee to appropriate any yearly surplus did not reduce the dedication to a partial trust. The entire income from the properties was therefore outside tax under section 4(b). Case-Laws Income Tax Mon, 18 Jul 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6726