https://www.taxtmi.com/caselaws?id=5584 Where the Tribunal found that a trust's real and dominant objects were charitable and that business-related clauses were only incidental powers to facilitate those objects, the trust was treated as falling within charitable purpose under section 2(15) of the Income-tax Act. On that factual finding, the trust could not be characterised as having a main object of carrying on business, and it was therefore treated as wholly for charitable purposes. The Supreme Court answered both questions in favour of the assessee, set aside the High Court's judgment, and allowed the appeals. en-us Wed, 09 Oct 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5584 Where the Tribunal found that a trust's real and dominant objects were charitable and that business-related clauses were only incidental powers to facilitate those objects, the trust was treated as falling within charitable purpose under section 2(15) of the Income-tax Act. On that factual finding, the trust could not be characterised as having a main object of carrying on business, and it was therefore treated as wholly for charitable purposes. The Supreme Court answered both questions in favour of the assessee, set aside the High Court's judgment, and allowed the appeals. Case-Laws Income Tax Wed, 09 Oct 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5584