https://www.taxtmi.com/caselaws?id=277199 Remuneration received from university appointments was treated as the assessee's personal income because the salary remained salary when received, even though it was promised for charitable university purposes and later paid into a separate account. The commentary explains that, at most, the arrangement amounted to an executory charitable trust, but the exemption for income from property held under trust or other legal obligation for charitable purposes did not extend to a future salary. As the remuneration was not itself property held on trust, the charitable exemption failed and the amount was taxable as personal income. en-us Fri, 03 Dec 1926 00:00:00 +0530 Wed, 28 Nov 2018 17:14:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277199 Remuneration received from university appointments was treated as the assessee's personal income because the salary remained salary when received, even though it was promised for charitable university purposes and later paid into a separate account. The commentary explains that, at most, the arrangement amounted to an executory charitable trust, but the exemption for income from property held under trust or other legal obligation for charitable purposes did not extend to a future salary. As the remuneration was not itself property held on trust, the charitable exemption failed and the amount was taxable as personal income. Case-Laws Income Tax Fri, 03 Dec 1926 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277199