https://www.taxtmi.com/caselaws?id=14305 The Madras HC directed the Tribunal to state a case on whether trust income from a kindergarten section and a ladies hostel qualified for income-tax exemption under the trust's objects and charitable purpose. The proposed questions also covered whether the entire income had been applied to educational activities, whether the hostel activity was a profit-making venture outside charitable status, whether the Tribunal ignored material findings of the CIT(A), and whether a rectification of the trust objects could operate retrospectively. The Court did not decide the merits at this stage and instead required a statement of case with relevant material for determination of those questions. en-us Tue, 13 Apr 1999 00:00:00 +0530 Wed, 15 Jul 2009 11:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14305 The Madras HC directed the Tribunal to state a case on whether trust income from a kindergarten section and a ladies hostel qualified for income-tax exemption under the trust's objects and charitable purpose. The proposed questions also covered whether the entire income had been applied to educational activities, whether the hostel activity was a profit-making venture outside charitable status, whether the Tribunal ignored material findings of the CIT(A), and whether a rectification of the trust objects could operate retrospectively. The Court did not decide the merits at this stage and instead required a statement of case with relevant material for determination of those questions. Case-Laws Income Tax Tue, 13 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14305