https://www.taxtmi.com/caselaws?id=35824 The High Court held that the income derived by the assessee from property held under trust was applied wholly for charitable purposes under section 11(1)(a) of the Income-tax Act, 1961. The Court also found that the provisions of section 161(1) were applicable, as the trustees of the assessee-trust were considered representative assessees receiving income on behalf of another trust. The Court ruled in favor of the assessee, entitling them to the costs of the reference. en-us Tue, 21 Apr 1981 00:00:00 +0530 Wed, 17 Mar 2010 10:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35824 The High Court held that the income derived by the assessee from property held under trust was applied wholly for charitable purposes under section 11(1)(a) of the Income-tax Act, 1961. The Court also found that the provisions of section 161(1) were applicable, as the trustees of the assessee-trust were considered representative assessees receiving income on behalf of another trust. The Court ruled in favor of the assessee, entitling them to the costs of the reference. Case-Laws Income Tax Tue, 21 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35824