https://www.taxtmi.com/caselaws?id=281296 Income from ancient debutter properties dedicated to deities was treated as income from dedicated property, not as property held in trust in the strict legal sense. The court held that a dedication to a deity is distinct from a private religious trust, so the exemption restricted to property held under trust for religious or charitable purposes did not extend to these properties. It further held that the last paragraph of Section 4(3)(xii) applied only to "trust" and not to the broader phrase "other legal obligation." On both questions, the reference was answered in favour of the assessee. en-us Wed, 03 Jan 1951 00:00:00 +0530 Wed, 12 Jun 2019 18:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281296 Income from ancient debutter properties dedicated to deities was treated as income from dedicated property, not as property held in trust in the strict legal sense. The court held that a dedication to a deity is distinct from a private religious trust, so the exemption restricted to property held under trust for religious or charitable purposes did not extend to these properties. It further held that the last paragraph of Section 4(3)(xii) applied only to "trust" and not to the broader phrase "other legal obligation." On both questions, the reference was answered in favour of the assessee. Case-Laws Income Tax Wed, 03 Jan 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281296