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Bombay High Court Allows Exemption Under Section 10(22) for Interest Income on Surplus Funds of Educational Trust. Interest earned on surplus funds of a school run by a trust is exempt under Section 10(22) of the Income-tax Act, 1961, as it is incidental to educational activities.

The case involves a reference under Section 256(1) of the Income-tax Act, 1961, by the Income Tax Appellate Tribunal at the instance of the assessee, ...

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Bombay High Court Dismisses Appeal Against Rejection of Trust's Application for Alienation of Immovable Property Under Section 36(1)(a) of Maharashtra Public Trusts Act, 1950. Joint Charity Commissioner's Order Upheld as No Error of Law or Jurisdiction Found.

The case involves a Letters Patent Appeal filed by Megh Realty and Developers Private Limited against the order of the learned Single Judge dismissing...

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Supreme Court Upholds Assessment of Hindu Deities as Individuals under Income-tax Act. Hindu Idol is Juristic Entity and "Individual" in Section 3 Includes Artificial Juridical Persons.

The case arose from income-tax assessment proceedings concerning the income from properties of two Hindu deities. The Income-tax Officer had initially...

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Madras High Court Sets Aside Waqf Tribunal Order for Lack of Reasoned Decision and Remands for Fresh Enquiry Under Section 40. Non-speaking resolution by Waqf Board without proper enquiry into whether properties were private or public waqf necessitated remand for fresh determination.

The dispute centred on the nature of waqf over certain properties. The original petitioner, M. Sirajudeen Sayeed (since deceased, represented by legal...

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High Court of Karnataka Allows Appeal in Trust Dispute — Chairman and Petitioner Entitled to Life Trusteeship Under Bye-Law 6. Interpretation of Charitable and Religious Trust Act, 1920, Sections 3 and 7 regarding life trusteeship and appointment of trustees.

The present appeal arises from an order dated 29.05.2018 passed by the learned Single Judge in WP No.85687/2013. The appellant, Sardar Veerangouda Pat...

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Supreme Court Allows Trust's Suit Against Sevadar, Holds Section 92 CPC Inapplicable to Suits by Trusts. Trust's Suit for Mandatory Injunction and Rendition of Accounts Against Sevadar Maintainable Without Leave Under Section 92 CPC.

The appellant, Ghat Talab Kaulan Wala, a trust, filed a suit for mandatory injunction against Baba Gopal Dass, who was a Sevadar (servant) of the temp...