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No Violation in Payments to Persons u/s 13(3) if Trust Predates Act & Follows Trust Deed
Case Law Details
- Case Name
- CIT Vs Indian Institute of Engineering Technology (Madras High Court)
- Appeal Number
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- Courts
- All High Courts, Madras High Court
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CIT Vs Indian Institute of Engineering Technology (Madras High Court)
No violation in payment to persons specified u/s 13(3) if Trust formed before commencement of the Act & payment is as per the Trust Deed
Assessee is a charitable trust/educational institution established on 01.02.1961 that is before the commencement of the Income Tax Act, 1961 & registered u/s 12A(a). Memorandum of Association contains provisions to pay honorarium to the trust members/family members.
During the previous year relevant to AY 2010-2011, the revenue of the Trust was Rs.6,11,56,935. The assess...
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