https://www.taxtmi.com/caselaws?id=326841 An assessee trust engaged in preserving and operating historical monuments and a museum fell within the charitable limb of preservation of monuments or objects of artistic or historic interest under section 2(15), so exemption under section 11 remained available. The proviso to section 2(15) was held inapplicable because it targets the residuary object of general public utility where trade, commerce or business is carried on, not a trust whose primary object is monument preservation. Receipts from licences, film shooting, dinners, craftsmen demonstrations and administrative recoveries were treated as incidental to the main charitable activity and not indicative of a profit-oriented business. en-us Tue, 15 Mar 2016 00:00:00 +0530 Tue, 26 Apr 2016 10:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326841 An assessee trust engaged in preserving and operating historical monuments and a museum fell within the charitable limb of preservation of monuments or objects of artistic or historic interest under section 2(15), so exemption under section 11 remained available. The proviso to section 2(15) was held inapplicable because it targets the residuary object of general public utility where trade, commerce or business is carried on, not a trust whose primary object is monument preservation. Receipts from licences, film shooting, dinners, craftsmen demonstrations and administrative recoveries were treated as incidental to the main charitable activity and not indicative of a profit-oriented business. Case-Laws Income Tax Tue, 15 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326841