https://www.taxtmi.com/caselaws?id=381970 The appellate tribunal ruled in favor of the religious trust, directing that the tax liability should be calculated using the tax rates applicable to individuals. The tribunal determined that the trust's income, dedicated to the maintenance of a deity, should not be taxed under Sec.167B of the Act as the income was specific and not indeterminate. The tribunal concluded that the trust's income for the deity's upkeep warranted application of individual tax rates, allowing the trust's appeal. en-us Mon, 10 Jun 2019 00:00:00 +0530 Fri, 21 Jun 2019 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381970 The appellate tribunal ruled in favor of the religious trust, directing that the tax liability should be calculated using the tax rates applicable to individuals. The tribunal determined that the trust's income, dedicated to the maintenance of a deity, should not be taxed under Sec.167B of the Act as the income was specific and not indeterminate. The tribunal concluded that the trust's income for the deity's upkeep warranted application of individual tax rates, allowing the trust's appeal. Case-Laws Income Tax Mon, 10 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381970