https://www.taxtmi.com/caselaws?id=20055 The High Court held that dividends received by a charitable trust, which were part of the trust's initial corpus and not derived from investments, were not taxable under section 13(2) of the Income-tax Act. The court ruled in favor of the assessee trust, concluding that the provisions of section 13(2) did not apply to tax the dividends and tax deducted at source. The reference made by the Commissioner of Income-tax was answered in the negative, and the judgment emphasized the distinction between income from investments and the trust's initial corpus. en-us Wed, 22 Sep 1993 00:00:00 +0530 Wed, 11 Nov 2009 13:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20055 The High Court held that dividends received by a charitable trust, which were part of the trust's initial corpus and not derived from investments, were not taxable under section 13(2) of the Income-tax Act. The court ruled in favor of the assessee trust, concluding that the provisions of section 13(2) did not apply to tax the dividends and tax deducted at source. The reference made by the Commissioner of Income-tax was answered in the negative, and the judgment emphasized the distinction between income from investments and the trust's initial corpus. Case-Laws Income Tax Wed, 22 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20055