https://www.taxtmi.com/caselaws?id=35628 The court upheld the Tribunal's decision that the expenditure incurred by the charitable trust should be deemed to have been met out of the income derived from property held under trust, despite receiving voluntary contributions from non-charitable institutions. The court found that the voluntary contributions did not form part of the income for the purposes of section 11 of the Income Tax Act, and therefore, the expenditure was rightly deemed to have been met out of the trust's income. The decision favored the assessee, and each party was directed to pay their own costs. en-us Tue, 13 Jan 1981 00:00:00 +0530 Mon, 15 Mar 2010 16:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35628 The court upheld the Tribunal's decision that the expenditure incurred by the charitable trust should be deemed to have been met out of the income derived from property held under trust, despite receiving voluntary contributions from non-charitable institutions. The court found that the voluntary contributions did not form part of the income for the purposes of section 11 of the Income Tax Act, and therefore, the expenditure was rightly deemed to have been met out of the trust's income. The decision favored the assessee, and each party was directed to pay their own costs. Case-Laws Income Tax Tue, 13 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35628