https://www.taxtmi.com/caselaws?id=155701 A charitable institution seeking exemption under S.R.O. No. 342/63 had to prove strict compliance with the condition that the profit of the relevant assessment year was positively and solely applied for charitable purposes. Mere absence of non-charitable use was insufficient, because tax exemptions must be construed strictly and cannot be extended beyond the notification's express language. Investment of profits in books or stock-in-trade also did not amount to charitable utilisation. On that basis, the Tribunal's view was held legally erroneous, the revision succeeded, and the order granting exemption was set aside, restoring the tax assessments. en-us Mon, 20 Feb 1989 00:00:00 +0530 Fri, 06 Sep 2013 17:18:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155701 A charitable institution seeking exemption under S.R.O. No. 342/63 had to prove strict compliance with the condition that the profit of the relevant assessment year was positively and solely applied for charitable purposes. Mere absence of non-charitable use was insufficient, because tax exemptions must be construed strictly and cannot be extended beyond the notification's express language. Investment of profits in books or stock-in-trade also did not amount to charitable utilisation. On that basis, the Tribunal's view was held legally erroneous, the revision succeeded, and the order granting exemption was set aside, restoring the tax assessments. Case-Laws VAT and Sales Tax Mon, 20 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155701