https://www.taxtmi.com/caselaws?id=168433 The court held that the Agastyar Trust was not eligible for exemption under Section 4(3)(i) of the Income-tax Act due to its non-charitable activities, specifically in manufacturing and distributing pharmaceuticals. Consequently, the assessee's donation to the trust was not eligible for deduction under Section 15B. The court ruled against the assessee, emphasizing the requirement for a trust to be wholly dedicated to charitable or religious purposes to qualify for tax exemptions under the Income-tax Act. The assessee was directed to pay the department's costs, with counsel's fee set at Rs. 250. en-us Wed, 25 Oct 1961 00:00:00 +0530 Sat, 28 Feb 2015 11:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168433 The court held that the Agastyar Trust was not eligible for exemption under Section 4(3)(i) of the Income-tax Act due to its non-charitable activities, specifically in manufacturing and distributing pharmaceuticals. Consequently, the assessee's donation to the trust was not eligible for deduction under Section 15B. The court ruled against the assessee, emphasizing the requirement for a trust to be wholly dedicated to charitable or religious purposes to qualify for tax exemptions under the Income-tax Act. The assessee was directed to pay the department's costs, with counsel's fee set at Rs. 250. Case-Laws Income Tax Wed, 25 Oct 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168433