https://www.taxtmi.com/caselaws?id=290060 The Court concluded that the income from Schedule C properties should not be taxed at the maximum rate under the first proviso to Section 41 of the Income Tax Act. The Court determined that the trust deed did not establish two separate trusts but rather a single trust for the deities, encompassing provisions for both religious activities and maintenance of associated structures. Therefore, the income from Schedule C properties should be assessed in the same manner as income from Schedule B properties, as both were dedicated to the deities. The assessee was not entitled to costs for the hearing. en-us Fri, 13 Oct 1950 00:00:00 +0530 Mon, 07 Sep 2020 12:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290060 The Court concluded that the income from Schedule C properties should not be taxed at the maximum rate under the first proviso to Section 41 of the Income Tax Act. The Court determined that the trust deed did not establish two separate trusts but rather a single trust for the deities, encompassing provisions for both religious activities and maintenance of associated structures. Therefore, the income from Schedule C properties should be assessed in the same manner as income from Schedule B properties, as both were dedicated to the deities. The assessee was not entitled to costs for the hearing. Case-Laws Income Tax Fri, 13 Oct 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290060