https://www.taxtmi.com/caselaws?id=5325 Income derived from funds used to support an object of general public utility remained eligible for exemption where buying and selling was only incidental to carrying out the primary charitable purpose and the object itself did not involve a profit-making activity. Promotion of handicrafts was treated as advancement of an object of general public utility, and the sale of handicrafts as a means of implementation did not change that character. On that reasoning, income from the General Fund and South Indian Women Workers Executive Committee Fund, and income from the handicraft activity, qualified for exemption and the assessee succeeded. en-us Fri, 16 Nov 1990 00:00:00 +0530 Sun, 23 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5325 Income derived from funds used to support an object of general public utility remained eligible for exemption where buying and selling was only incidental to carrying out the primary charitable purpose and the object itself did not involve a profit-making activity. Promotion of handicrafts was treated as advancement of an object of general public utility, and the sale of handicrafts as a means of implementation did not change that character. On that reasoning, income from the General Fund and South Indian Women Workers Executive Committee Fund, and income from the handicraft activity, qualified for exemption and the assessee succeeded. Case-Laws Income Tax Fri, 16 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5325