Commissioner of Income Tax, Bombay City v Bai Navajbai N Gamadia
Bombay High Court, decided 11 March 1948 (reporter citation not confirmed)19481 min read
The case in brief30-second read
- Facts
- An earlier version of this page gave a 1955 Bombay case (AIR 1955 Bom 4) holding that a gift to an unborn person must be made in the same instrument as the prior interest. I found no such holding. The only case of this name is this 1948 tax decision. I couldn't confirm its reporter citation, so the page is marked `partly-verified`. It has moved to Taxation Law.
- Held
- Income from securities held on a revocable trust wholly for charitable purposes was exempt from income tax.
- Principle
- Income from securities held on a revocable trust wholly for charitable purposes was exempt; 'received' in the exemption includes income deemed received under the Act.
Held
- Income from securities held on a revocable trust wholly for charitable purposes was exempt from income tax.
- The word "received" in the exemption covers income deemed to be received under the Act.
Cite this
Citation
Commissioner of Income Tax, Bombay City v Bai Navajbai N Gamadia Bombay High Court, decided 11 March 1948 (reporter citation not confirmed)Reported: https://www.legalindia.com/judgments/commissioner-of-income-tax-vs-bai-navajbai-n-gamadia-on-11-march-1948 (not found on IK or SCI). This is an educational summary, not the judgment itself. Cite the reported version in professional or academic work.