COMMISSIONER OF INCOME-TAX versus NAGI REDDI CHARITIES
The charitable purpose of the waiver is directed to exclusively hold the amount received by the trust prior to such assignment subject to arrangements for distribution by donors in the films assigned for trust in the charitable trust. The donation trust, which is part of the corpus for the construction of the hospital, did not do the film business. Distribution-specific direction, which will form part of the money received from distributors, does not rely on distribution under the Income Tax. Acts, 1961, sections 2 (24), 11, 12 and 13 (1) (bb)
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