https://www.taxtmi.com/caselaws?id=7770 Income from the wakf properties was held not exempt from assessment because the wakf deed showed a predominantly private arrangement for the settlor's wife, children and descendants, with only a limited charitable element, so it was not property held wholly for religious or charitable purposes. The Court also held that the same income was includible in the petitioner's agricultural income under the clubbing provision, since the wakf was created for the benefit of the transferor's wife and minor children and the statutory scheme treated such transferred assets as part of the transferor's taxable income. The assessment challenge therefore failed on both issues. en-us Tue, 08 Oct 1968 00:00:00 +0530 Thu, 19 Mar 2009 09:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7770 Income from the wakf properties was held not exempt from assessment because the wakf deed showed a predominantly private arrangement for the settlor's wife, children and descendants, with only a limited charitable element, so it was not property held wholly for religious or charitable purposes. The Court also held that the same income was includible in the petitioner's agricultural income under the clubbing provision, since the wakf was created for the benefit of the transferor's wife and minor children and the statutory scheme treated such transferred assets as part of the transferor's taxable income. The assessment challenge therefore failed on both issues. Case-Laws Income Tax Tue, 08 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7770