https://www.taxtmi.com/caselaws?id=184192 Whether an association qualified as a public charitable institution under income-tax law turned on its dominant object: the court held the memorandum's principal object to promote home industries, arts and crafts is of general public utility. Ancillary powers (information, advances, credit promotion, exhibitions, trade in products, property holding) were construed as furthering that dominant object, and constitutional prohibitions on profit distribution and restricted remuneration negated private profit. Comparative English authorities were distinguished on facts, and analogous precedents supported treating promotion of cottage industries benefiting persons of limited means as charitable; exemption under the statute followed. en-us Tue, 20 Mar 1962 00:00:00 +0530 Fri, 01 Jul 2016 17:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184192 Whether an association qualified as a public charitable institution under income-tax law turned on its dominant object: the court held the memorandum's principal object to promote home industries, arts and crafts is of general public utility. Ancillary powers (information, advances, credit promotion, exhibitions, trade in products, property holding) were construed as furthering that dominant object, and constitutional prohibitions on profit distribution and restricted remuneration negated private profit. Comparative English authorities were distinguished on facts, and analogous precedents supported treating promotion of cottage industries benefiting persons of limited means as charitable; exemption under the statute followed. Case-Laws Income Tax Tue, 20 Mar 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184192