CIT vs. MEHTA CHARITABLE PRAJNALAYA TRUST
Inasmuch as all that is required is for the settler of the trust to declare that the
ITA - 1051 / 2011HC Delhi20 Nov 2012
Section 1Section 260A
held that the fact that
the business carried on on behalf of the trust failed to satisfy the two conditions
laid down in Section 4(3)(1a) was no reason why it should not be exempted from
taxation if it fell within Section 4(3)(1) and the main ground