https://www.taxtmi.com/caselaws?id=36485 The court held that the trust property was held for public charitable purposes, upholding the Tribunal's decision to grant exemption under section 5(1) of the Wealth-tax Act. The court found that the income was utilized for charitable purposes within India, distinguishing the case from others where income was used outside India or for family benefit. The court answered in favor of the assessee, agreeing that the property proportionate to the income under clause 8 was held for charitable purposes, with no costs awarded and an advocate's fee of Rs. 250. en-us Thu, 09 Feb 1978 00:00:00 +0530 Mon, 22 Mar 2010 15:49:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36485 The court held that the trust property was held for public charitable purposes, upholding the Tribunal's decision to grant exemption under section 5(1) of the Wealth-tax Act. The court found that the income was utilized for charitable purposes within India, distinguishing the case from others where income was used outside India or for family benefit. The court answered in favor of the assessee, agreeing that the property proportionate to the income under clause 8 was held for charitable purposes, with no costs awarded and an advocate's fee of Rs. 250. Case-Laws Wealth-tax Thu, 09 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36485