https://www.taxtmi.com/caselaws?id=272933 The court held that business income used for charitable purposes is considered incidental to the trust's objectives and qualifies for exemption under Section 11(4)(A) of the Income Tax Act. It confirmed that the trust had complied with the requirement of maintaining separate books of accounts. However, the court decided to remand the case to the Assessing Officer for further examination to determine the actual income eligible for exemption within three months. The Tribunal's orders were set aside, and the appeals were allowed accordingly. en-us Fri, 08 Oct 2010 00:00:00 +0530 Mon, 21 Aug 2023 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272933 The court held that business income used for charitable purposes is considered incidental to the trust's objectives and qualifies for exemption under Section 11(4)(A) of the Income Tax Act. It confirmed that the trust had complied with the requirement of maintaining separate books of accounts. However, the court decided to remand the case to the Assessing Officer for further examination to determine the actual income eligible for exemption within three months. The Tribunal's orders were set aside, and the appeals were allowed accordingly. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272933