https://www.taxtmi.com/caselaws?id=23672 The High Court of Calcutta affirmed the validity of the trust created by the deed dated September 26, 1970, and determined that the property belonged to the Ganpatrai Sagarmull Charitable Trust. The court held that the income derived from the property should not be assessed in the hands of the assessee firm, ruling in favor of the assessee. The judgment highlighted the significance of proper documentation and compliance with legal requirements in establishing and maintaining a charitable trust to avoid tax implications. en-us Wed, 08 Mar 1989 00:00:00 +0530 Wed, 23 Dec 2009 11:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23672 The High Court of Calcutta affirmed the validity of the trust created by the deed dated September 26, 1970, and determined that the property belonged to the Ganpatrai Sagarmull Charitable Trust. The court held that the income derived from the property should not be assessed in the hands of the assessee firm, ruling in favor of the assessee. The judgment highlighted the significance of proper documentation and compliance with legal requirements in establishing and maintaining a charitable trust to avoid tax implications. Case-Laws Income Tax Wed, 08 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23672