https://www.taxtmi.com/caselaws?id=10434 A donation to a trust was discussed in the context of gift-tax exemption under section 5(1)(v) of the Gift-tax Act and section 80G of the Income-tax Act. The text states that the post-1991 approval-renewal requirement could not be applied retrospectively to a donation made in assessment year 1985-86, so absence of renewed 80G approval did not justify gift-tax. It further notes that a trust does not lose charitable status merely because it runs a printing press or allegedly uses funds to meet past losses or loans, where its objects remain substantially charitable and any non-charitable object is severable. The donation was treated as exempt on that basis. en-us Tue, 19 Apr 2005 00:00:00 +0530 Wed, 09 Feb 2011 09:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10434 A donation to a trust was discussed in the context of gift-tax exemption under section 5(1)(v) of the Gift-tax Act and section 80G of the Income-tax Act. The text states that the post-1991 approval-renewal requirement could not be applied retrospectively to a donation made in assessment year 1985-86, so absence of renewed 80G approval did not justify gift-tax. It further notes that a trust does not lose charitable status merely because it runs a printing press or allegedly uses funds to meet past losses or loans, where its objects remain substantially charitable and any non-charitable object is severable. The donation was treated as exempt on that basis. Case-Laws Income Tax Tue, 19 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10434