https://www.taxtmi.com/caselaws?id=7423 One-eighth of the income from the B and C schedule properties was exempt because it was earmarked for charitable purposes within section 4(3)(i) of the Indian Income-tax Act, 1922. The part set apart to acquire properties for the trust qualified for the exemption, and the alternative use of the same share for food, clothing, education, marriage and funeral expenses of poor and financially distressed descendants was also treated as charitable. On either basis, the full one-eighth share was regarded as income applied to charitable purposes and remained outside tax. en-us Fri, 18 Oct 1968 00:00:00 +0530 Thu, 19 Feb 2009 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7423 One-eighth of the income from the B and C schedule properties was exempt because it was earmarked for charitable purposes within section 4(3)(i) of the Indian Income-tax Act, 1922. The part set apart to acquire properties for the trust qualified for the exemption, and the alternative use of the same share for food, clothing, education, marriage and funeral expenses of poor and financially distressed descendants was also treated as charitable. On either basis, the full one-eighth share was regarded as income applied to charitable purposes and remained outside tax. Case-Laws Income Tax Fri, 18 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7423