https://www.taxtmi.com/caselaws?id=292629 A wakf under which income was primarily reserved for the settlor and his children, with only a contingent or secondary application to religious or charitable uses, was not property held wholly for religious or charitable purposes within section 4(3)(i) of the Income-tax Act, 1922. The expression was construed in its general sense, not by reference to the assessee's personal law, and the Wakf Validating Act, 1913 did not alter the binding effect of the earlier Privy Council position. The income was therefore not exempt and remained assessable to income-tax. en-us Fri, 05 Jun 1931 00:00:00 +0530 Sat, 02 Jan 2021 10:16:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292629 A wakf under which income was primarily reserved for the settlor and his children, with only a contingent or secondary application to religious or charitable uses, was not property held wholly for religious or charitable purposes within section 4(3)(i) of the Income-tax Act, 1922. The expression was construed in its general sense, not by reference to the assessee's personal law, and the Wakf Validating Act, 1913 did not alter the binding effect of the earlier Privy Council position. The income was therefore not exempt and remained assessable to income-tax. Case-Laws Income Tax Fri, 05 Jun 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292629