https://www.taxtmi.com/caselaws?id=6987 An entity formed to promote the export of cotton textiles was treated as pursuing an object of general public utility, so its activities qualified as charitable purpose under the Income-tax Act. The Court also held that the organisation's business structure could itself amount to property held under trust or other legal obligation, and that government grants and member subscriptions derived directly and substantially from that property. On that construction, the income was exempt under section 4(3)(i). en-us Thu, 21 Sep 1967 00:00:00 +0530 Sat, 07 Feb 2009 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6987 An entity formed to promote the export of cotton textiles was treated as pursuing an object of general public utility, so its activities qualified as charitable purpose under the Income-tax Act. The Court also held that the organisation's business structure could itself amount to property held under trust or other legal obligation, and that government grants and member subscriptions derived directly and substantially from that property. On that construction, the income was exempt under section 4(3)(i). Case-Laws Income Tax Thu, 21 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6987