https://www.taxtmi.com/caselaws?id=202309 The court clarified that Section 11(4A) does not override Section 11(4) but complements it, emphasizing harmonious interpretation. It held that business income is incidental to charitable objectives if used for trust purposes. The court upheld compliance with separate accounting requirements under Section 11(4A. However, it remanded the case to the Assessing Officer to determine actual income eligible for exemption within three months. The court stressed the Assessing Officer's duty to ensure income exclusively serves trust objectives. The Tribunal's orders were set aside, and the case was remanded for further assessment. en-us Fri, 08 Oct 2010 00:00:00 +0530 Mon, 24 Dec 2012 16:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202309 The court clarified that Section 11(4A) does not override Section 11(4) but complements it, emphasizing harmonious interpretation. It held that business income is incidental to charitable objectives if used for trust purposes. The court upheld compliance with separate accounting requirements under Section 11(4A. However, it remanded the case to the Assessing Officer to determine actual income eligible for exemption within three months. The court stressed the Assessing Officer's duty to ensure income exclusively serves trust objectives. The Tribunal's orders were set aside, and the case was remanded for further assessment. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202309