https://www.taxtmi.com/caselaws?id=38324 The High Court held that receipts on account of mandir, gaushala, and dharmada were not trading receipts but held in trust for specific purposes, following precedents. The court ruled that these receipts did not form part of the sale price and were not taxable income for the assessee, affirming the Tribunal's decision. Despite diversions for other purposes, the nature of the receipts remained unchanged. The court awarded costs to the assessee, emphasizing that the receipts were not subject to taxation. en-us Mon, 17 Jan 1977 00:00:00 +0530 Mon, 05 Apr 2010 14:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38324 The High Court held that receipts on account of mandir, gaushala, and dharmada were not trading receipts but held in trust for specific purposes, following precedents. The court ruled that these receipts did not form part of the sale price and were not taxable income for the assessee, affirming the Tribunal's decision. Despite diversions for other purposes, the nature of the receipts remained unchanged. The court awarded costs to the assessee, emphasizing that the receipts were not subject to taxation. Case-Laws Income Tax Mon, 17 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38324