https://www.taxtmi.com/caselaws?id=36665 A deed dated 26 September 1970 was treated as creating a valid trust over the property at 37/1, Jatindra Mohan Avenue, Calcutta. The recitals showed that the trustees had received substantial contributions from the settlors for acquisition of land, construction of a dharmashala and charitable dispensary, and application of the property's income to public, religious and charitable objects. On that basis, the monies were impressed with a trust and both the land and superstructure formed part of the trust estate. The property was therefore regarded as belonging to the charitable trust, with the result that the income from it was not assessable in the assessee's hands for the relevant assessment years. en-us Thu, 13 Mar 1980 00:00:00 +0530 Tue, 23 Mar 2010 17:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36665 A deed dated 26 September 1970 was treated as creating a valid trust over the property at 37/1, Jatindra Mohan Avenue, Calcutta. The recitals showed that the trustees had received substantial contributions from the settlors for acquisition of land, construction of a dharmashala and charitable dispensary, and application of the property's income to public, religious and charitable objects. On that basis, the monies were impressed with a trust and both the land and superstructure formed part of the trust estate. The property was therefore regarded as belonging to the charitable trust, with the result that the income from it was not assessable in the assessee's hands for the relevant assessment years. Case-Laws Income Tax Thu, 13 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36665