https://www.taxtmi.com/caselaws?id=281295 On construction of the 1861 deed of dedication the instrument effected an absolute dedication vesting ownership notionally in the deity while appointing a shebait as human manager; the absence of settlor-trustee-beneficiary formality means no trust in the strict legal sense. The court held that Section 4(3)(i) exempts income from property held under a trust or other legal obligation for wholly religious purposes, and the explanation withdraws exemption only for private religious trusts that do not enure for the public. The deed imposed a legal obligation to apply income wholly for religious purposes; accordingly the endowed income is exempt from income-tax under Section 4(3)(i). en-us Wed, 03 May 1950 00:00:00 +0530 Wed, 12 Jun 2019 18:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281295 On construction of the 1861 deed of dedication the instrument effected an absolute dedication vesting ownership notionally in the deity while appointing a shebait as human manager; the absence of settlor-trustee-beneficiary formality means no trust in the strict legal sense. The court held that Section 4(3)(i) exempts income from property held under a trust or other legal obligation for wholly religious purposes, and the explanation withdraws exemption only for private religious trusts that do not enure for the public. The deed imposed a legal obligation to apply income wholly for religious purposes; accordingly the endowed income is exempt from income-tax under Section 4(3)(i). Case-Laws Income Tax Wed, 03 May 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281295