https://www.taxtmi.com/caselaws?id=173281 A charitable trust running a tent house was held entitled to exemption under section 11 of the Income-tax Act, 1961, because the mere fact that a trust carries on business does not by itself disqualify it from exemption. The approach denying relief solely on the ground that a charitable trust could not run a business was rejected as consistent with the Supreme Court's rule in Surat Art Silk Cloth Mfrs. Association. It was also noted that no material showed the income to be outside section 11, and the point now urged had not been canvassed before the Tribunal. en-us Thu, 03 Jan 2002 00:00:00 +0530 Fri, 11 Sep 2015 15:26:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173281 A charitable trust running a tent house was held entitled to exemption under section 11 of the Income-tax Act, 1961, because the mere fact that a trust carries on business does not by itself disqualify it from exemption. The approach denying relief solely on the ground that a charitable trust could not run a business was rejected as consistent with the Supreme Court's rule in Surat Art Silk Cloth Mfrs. Association. It was also noted that no material showed the income to be outside section 11, and the point now urged had not been canvassed before the Tribunal. Case-Laws Income Tax Thu, 03 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173281