https://www.taxtmi.com/caselaws?id=168472 A trust remains wholly charitable where the deed dedicates income to charitable objects and a preference clause applies only among otherwise eligible charitable beneficiaries. The Bombay High Court held that directing preference to the settlor's caste, family, or relatives at the selection stage did not alter the dominant charitable intention or convert the trust into a private benefit arrangement, because the income continued to be confined to charitable application. The trust property therefore qualified as held wholly for religious or charitable purposes, and exemption under section 4(3)(i) of the Indian Income-tax Act was available. en-us Wed, 17 Jun 1959 00:00:00 +0530 Wed, 04 Mar 2015 15:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168472 A trust remains wholly charitable where the deed dedicates income to charitable objects and a preference clause applies only among otherwise eligible charitable beneficiaries. The Bombay High Court held that directing preference to the settlor's caste, family, or relatives at the selection stage did not alter the dominant charitable intention or convert the trust into a private benefit arrangement, because the income continued to be confined to charitable application. The trust property therefore qualified as held wholly for religious or charitable purposes, and exemption under section 4(3)(i) of the Indian Income-tax Act was available. Case-Laws Income Tax Wed, 17 Jun 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168472