https://www.taxtmi.com/caselaws?id=39248 A sum collected as entertainment tax was held not to be taxable income because it was not the assessee's income when received and, on the surrounding application and certificate, was retained under the compounding order for a charitable trust. The Court treated the amount as impressed with a constructive or implied trust before any legal accrual as income could arise in the assessee's hands. Authorities on business receipts applied to charity after receipt were distinguished on the facts. The amount was therefore outside the assessee's taxable income for the assessment year in question. en-us Thu, 24 Jan 1974 00:00:00 +0530 Wed, 14 Apr 2010 10:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39248 A sum collected as entertainment tax was held not to be taxable income because it was not the assessee's income when received and, on the surrounding application and certificate, was retained under the compounding order for a charitable trust. The Court treated the amount as impressed with a constructive or implied trust before any legal accrual as income could arise in the assessee's hands. Authorities on business receipts applied to charity after receipt were distinguished on the facts. The amount was therefore outside the assessee's taxable income for the assessment year in question. Case-Laws Income Tax Thu, 24 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39248