https://www.taxtmi.com/caselaws?id=15325 A trust qualifies for wealth-tax exemption under section 5(1)(i) when its dominant object is charitable and its income is applied for charitable purposes, even if it carries on incidental non-charitable activities. The trust deed in question showed objects such as education, free library, removal of differences among people, consolidation of sects, and other public-utility aims. Activities like dispute settlement, chit operations, and deposit collection were treated as incidental rather than primary objects. On that basis, the trust was held entitled to exemption for the relevant assessment years, with the issue answered in favour of the assessee and against the Revenue. en-us Tue, 17 Nov 1998 00:00:00 +0530 Tue, 04 Aug 2009 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15325 A trust qualifies for wealth-tax exemption under section 5(1)(i) when its dominant object is charitable and its income is applied for charitable purposes, even if it carries on incidental non-charitable activities. The trust deed in question showed objects such as education, free library, removal of differences among people, consolidation of sects, and other public-utility aims. Activities like dispute settlement, chit operations, and deposit collection were treated as incidental rather than primary objects. On that basis, the trust was held entitled to exemption for the relevant assessment years, with the issue answered in favour of the assessee and against the Revenue. Case-Laws Wealth-tax Tue, 17 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15325