COMMISSIONER OF WEALTH TAX versus KIKABI\'S EDUCATIONAL TRUST
Charitable Purposes Denial of charitable trust waiver exceptions where trust funds are diverted to the interests of persons mentioned in section 13. There is no violation of section 13 (2) (h) by assigning share income from the firm to the trust partners in the educational institutions. Indian Income Tax Act, 1961, Sections 11 and 13, entitled the Act Trust to exempt from Wealth Tax.
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