Charitable purpose definition now excludes trade-like activities for consideration, while nursery sapling income is deemed agricultural income. Section 2 is amended to treat income from saplings or seedlings grown in a nursery as agricultural income, and to redefine 'charitable purpose' to include relief of the poor, education, medical relief and advancement of public utility objects, while excluding any activity that is commercial or involves rendering services for a fee or other consideration from being a charitable purpose regardless of the use or retention of income.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Charitable purpose definition now excludes trade-like activities for consideration, while nursery sapling income is deemed agricultural income.
Section 2 is amended to treat income from saplings or seedlings grown in a nursery as agricultural income, and to redefine "charitable purpose" to include relief of the poor, education, medical relief and advancement of public utility objects, while excluding any activity that is commercial or involves rendering services for a fee or other consideration from being a charitable purpose regardless of the use or retention of income.
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