https://www.taxtmi.com/caselaws?id=10578 The court affirmed the trust's eligibility for income tax exemption under section 11 of the Income-tax Act for the assessment years 1994-95 and 1993-94. The trust's business activities were deemed incidental to its charitable objectives, meeting the criteria under section 11(4A) of the Act. Relying on the Supreme Court's decision in Asst. CIT v. Thanthi Trust [2001] 247 ITR 785, the court emphasized that trust business must align with its primary purpose to qualify for exemption. The appeals were dismissed as no substantial question of law was found, reinforcing the importance of ensuring business activities are in line with charitable goals for tax exemption eligibility. en-us Tue, 09 Nov 2004 00:00:00 +0530 Sat, 18 Jul 2009 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10578 The court affirmed the trust's eligibility for income tax exemption under section 11 of the Income-tax Act for the assessment years 1994-95 and 1993-94. The trust's business activities were deemed incidental to its charitable objectives, meeting the criteria under section 11(4A) of the Act. Relying on the Supreme Court's decision in Asst. CIT v. Thanthi Trust [2001] 247 ITR 785, the court emphasized that trust business must align with its primary purpose to qualify for exemption. The appeals were dismissed as no substantial question of law was found, reinforcing the importance of ensuring business activities are in line with charitable goals for tax exemption eligibility. Case-Laws Income Tax Tue, 09 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10578