https://www.taxtmi.com/caselaws?id=7242 Income derived from property held under legal obligation was not exempt under section 4(3)(i) because the charitable-purpose test required a benefit to the community or a section of the community with a genuine public element. The beneficiaries were confined to a closed and indeterminate class within the Rana caste in Ahmedabad, including natives of Ahmedabad and persons admitted by caste usage, so they were not a section of the public. The class lacked a single impersonal characteristic and its admission-based nature destroyed public character, leaving the assessee ineligible for exemption. en-us Tue, 25 Jul 1967 00:00:00 +0530 Mon, 16 Feb 2009 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7242 Income derived from property held under legal obligation was not exempt under section 4(3)(i) because the charitable-purpose test required a benefit to the community or a section of the community with a genuine public element. The beneficiaries were confined to a closed and indeterminate class within the Rana caste in Ahmedabad, including natives of Ahmedabad and persons admitted by caste usage, so they were not a section of the public. The class lacked a single impersonal characteristic and its admission-based nature destroyed public character, leaving the assessee ineligible for exemption. Case-Laws Income Tax Tue, 25 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7242