COMMISSIONER OF WEALTH TAX versus LALLUBHAI GORDHANDAS CHARITABLE TRUST
Charitable trust waiver refuses to waive the total amount of trust funds invested in any concern, except as stated in Section 13 (3) of the Income Tax Act, if any person is interested in more than five percent of the interest capital. Investment shall mean the investment of funds in the Company Capital shall mean the share capital in the Indian Wealth Tax Act 1957, Sections 5 and 21A shall not include the assets or deposits of the Company.
Find a Lawyer Near You
Dealing with a matter like this? Connect with a verified advocate in your city — free on SJP Lawyers Directory.
