https://www.taxtmi.com/caselaws?id=281294 The court held that a Hindu deity is assessable under the Income-tax Act as an artificial juridical person capable of owning property. Income derived from a dedication that does not serve a public religious purpose is not exempt under Section 4(3)(i) of the Act. Shebaits of a Hindu deity can be considered trustees under Section 41 if appointed under a trust instrument. Assessments on shebaits were deemed lawful, emphasizing their trustee-like obligations. The court affirmed that assessments on deities through shebaits under Section 41 were in accordance with the law. en-us Fri, 05 Apr 1963 00:00:00 +0530 Wed, 12 Jun 2019 18:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281294 The court held that a Hindu deity is assessable under the Income-tax Act as an artificial juridical person capable of owning property. Income derived from a dedication that does not serve a public religious purpose is not exempt under Section 4(3)(i) of the Act. Shebaits of a Hindu deity can be considered trustees under Section 41 if appointed under a trust instrument. Assessments on shebaits were deemed lawful, emphasizing their trustee-like obligations. The court affirmed that assessments on deities through shebaits under Section 41 were in accordance with the law. Case-Laws Income Tax Fri, 05 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281294