THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. JOSE THOMAS
ITA/46/2020HC Kerala03 Apr 2024
Bench: HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR,HONOURABLE MR. JUSTICE SYAM KUMAR V.M.
For Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
47,
49, 51, 54, 55, 56 &
68/20 & 6/21 :: 19 ::
ifit is presumed that the consideration was received from Believers Church
which was for relinquishment of trusteeship in the Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit in the argument of the Ld. AR that
