https://www.taxtmi.com/caselaws?id=15131 A trust is not entitled to exemption under section 11 where it has several independent objects, including non-charitable and profit-oriented purposes, and the trustees may in their discretion apply income to any of those objects; the governing test is whether the charitable purpose is predominant, and that requirement was not met. A prior exemption certificate granted under the Indian Income-tax Act, 1922 does not bind the Revenue in later assessments under the Income-tax Act, 1961, because income-tax proceedings are not governed by strict res judicata and the later statute materially changed the definition of charitable purpose. The exemption claim therefore failed and the Revenue's position prevailed. en-us Wed, 19 Apr 2000 00:00:00 +0530 Mon, 03 Aug 2009 12:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15131 A trust is not entitled to exemption under section 11 where it has several independent objects, including non-charitable and profit-oriented purposes, and the trustees may in their discretion apply income to any of those objects; the governing test is whether the charitable purpose is predominant, and that requirement was not met. A prior exemption certificate granted under the Indian Income-tax Act, 1922 does not bind the Revenue in later assessments under the Income-tax Act, 1961, because income-tax proceedings are not governed by strict res judicata and the later statute materially changed the definition of charitable purpose. The exemption claim therefore failed and the Revenue's position prevailed. Case-Laws Income Tax Wed, 19 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15131