https://www.taxtmi.com/caselaws?id=5012 A trust deed will not qualify as being held wholly for religious or charitable purposes where it authorises trustees to apply income to any of several objects, including a separate non-charitable object capable of absorbing the entire income. In that situation, the statutory condition for exemption is not met, so the linked deduction fails. The High Court may also examine the applicability of the exemption condition where that issue necessarily arises from the reference and the Tribunal's order, even if not framed in identical terms. The trust therefore could not claim the exemption, and the jurisdictional challenge to the High Court also failed. en-us Mon, 03 Apr 1967 00:00:00 +0530 Thu, 22 May 2025 17:16:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5012 A trust deed will not qualify as being held wholly for religious or charitable purposes where it authorises trustees to apply income to any of several objects, including a separate non-charitable object capable of absorbing the entire income. In that situation, the statutory condition for exemption is not met, so the linked deduction fails. The High Court may also examine the applicability of the exemption condition where that issue necessarily arises from the reference and the Tribunal's order, even if not framed in identical terms. The trust therefore could not claim the exemption, and the jurisdictional challenge to the High Court also failed. Case-Laws Income Tax Mon, 03 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5012