https://www.taxtmi.com/caselaws?id=9236 A specifically earmarked sum paid pursuant to a binding settlement for a daughter's marriage was treated as expenditure by way of a settlement for the benefit of another person and therefore fell within the exemption in section 5(j) of the Expenditure-tax Act, 1957. The arrangement imposed an overriding obligation to apply the amount for that purpose, and it did not matter that the settlement was not a formal trust. The limited deduction under section 6(1)(c) did not affect the separate exemption under section 5(j), so the amount was not includible in taxable expenditure. en-us Fri, 07 Dec 1973 00:00:00 +0530 Sat, 20 Jun 2009 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9236 A specifically earmarked sum paid pursuant to a binding settlement for a daughter's marriage was treated as expenditure by way of a settlement for the benefit of another person and therefore fell within the exemption in section 5(j) of the Expenditure-tax Act, 1957. The arrangement imposed an overriding obligation to apply the amount for that purpose, and it did not matter that the settlement was not a formal trust. The limited deduction under section 6(1)(c) did not affect the separate exemption under section 5(j), so the amount was not includible in taxable expenditure. Case-Laws Income Tax Fri, 07 Dec 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9236