https://www.taxtmi.com/caselaws?id=7911 A surcharge collected on admission tickets for local charities was treated as diverted at source under a trust created for the charitable object, so it never became the assessee's beneficial income. The Court distinguished cases where income is first received as trading income and only later applied to charity, and found that the resolution and ticketing arrangement earmarked the surcharge for a specified charitable purpose with direct credit to the charity account. On those facts, the surcharge was not taxable as the assessee's income, and any uncertainty in the wording of the charitable object did not defeat the trust where the beneficiary and purpose were otherwise ascertainable. en-us Thu, 17 Apr 1969 00:00:00 +0530 Tue, 24 Mar 2009 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7911 A surcharge collected on admission tickets for local charities was treated as diverted at source under a trust created for the charitable object, so it never became the assessee's beneficial income. The Court distinguished cases where income is first received as trading income and only later applied to charity, and found that the resolution and ticketing arrangement earmarked the surcharge for a specified charitable purpose with direct credit to the charity account. On those facts, the surcharge was not taxable as the assessee's income, and any uncertainty in the wording of the charitable object did not defeat the trust where the beneficiary and purpose were otherwise ascertainable. Case-Laws Income Tax Thu, 17 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7911