https://www.taxtmi.com/caselaws?id=219196 The High Court held that the Katha business of the charitable trust was not exempt under Section 11 of the Income Tax Act as it was not held under trust and was not found to be incidental to the trust's charitable objectives. The Court emphasized the distinction between a business held under trust and a business carried on by the trust, ultimately ruling in favor of the Revenue and denying the trust's entitlement to exemption. en-us Tue, 20 Nov 2012 00:00:00 +0530 Mon, 28 Oct 2013 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219196 The High Court held that the Katha business of the charitable trust was not exempt under Section 11 of the Income Tax Act as it was not held under trust and was not found to be incidental to the trust's charitable objectives. The Court emphasized the distinction between a business held under trust and a business carried on by the trust, ultimately ruling in favor of the Revenue and denying the trust's entitlement to exemption. Case-Laws Income Tax Tue, 20 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219196