56 results for “charitable trust”+ Section 2(14)clear
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In the result, all the appeals filed by the revenue for the
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh
14 of the 1961 Act classifies income under six heads, the main charging provision is Section 4(1) which levies income-tax, as only one tax, on the "total income" of the assessee as defined in Section 2(45) of that Act. AO income in order to come within the purview of that definition must satisfy two conditions. Firstly