https://www.taxtmi.com/caselaws?id=39015 The High Court held that the sum collected for dharamshala construction by a partnership firm was deemed as part of the firm's income and subject to tax under the Income-tax Act, 1961. The court rejected the argument that the amount belonged to customers, emphasizing that it was charged as part of the sale price, making it taxable income for the firm. The absence of a trust or legal obligation to use the collected amount for charitable purposes led to the ruling in favor of tax liability on the collected sum, differing from cases involving collections for charitable purposes under legal obligations that are exempt from tax. en-us Mon, 05 Nov 1973 00:00:00 +0530 Mon, 12 Apr 2010 10:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39015 The High Court held that the sum collected for dharamshala construction by a partnership firm was deemed as part of the firm's income and subject to tax under the Income-tax Act, 1961. The court rejected the argument that the amount belonged to customers, emphasizing that it was charged as part of the sale price, making it taxable income for the firm. The absence of a trust or legal obligation to use the collected amount for charitable purposes led to the ruling in favor of tax liability on the collected sum, differing from cases involving collections for charitable purposes under legal obligations that are exempt from tax. Case-Laws Income Tax Mon, 05 Nov 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39015