https://www.taxtmi.com/caselaws?id=168768 Voluntary offerings made to the Sabha for use under an enforceable obligation for religious and charitable purposes were treated as exempt income, because they retained the character of contributions to a religious or charitable institution. Income from the Sabha's industrial and commercial concerns was also exempt, because the undertakings and their profits were held and administered under trust for the institution's religious, educational, moral, and charitable objects. The business activities were further found to be carried on in furtherance of those objects, not for private gain, and the broad meaning of "property" was held to include such business undertakings when devoted exclusively to the trust purpose. en-us Wed, 28 Oct 1953 00:00:00 +0530 Thu, 26 Mar 2015 10:43:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168768 Voluntary offerings made to the Sabha for use under an enforceable obligation for religious and charitable purposes were treated as exempt income, because they retained the character of contributions to a religious or charitable institution. Income from the Sabha's industrial and commercial concerns was also exempt, because the undertakings and their profits were held and administered under trust for the institution's religious, educational, moral, and charitable objects. The business activities were further found to be carried on in furtherance of those objects, not for private gain, and the broad meaning of "property" was held to include such business undertakings when devoted exclusively to the trust purpose. Case-Laws Income Tax Wed, 28 Oct 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168768