https://www.taxtmi.com/caselaws?id=15589 The court held in favor of the assessee, ruling that the trust's activities related to film distribution rights exploitation did not constitute 'business activity.' The income derived was considered part of the trust's corpus, aligned with its charitable objectives, and not taxable income under the Income-tax Act. The court concluded that the trust was not engaged in a business of film distribution, rejecting the Revenue's contentions on all issues raised. en-us Tue, 15 Sep 1998 00:00:00 +0530 Wed, 26 Aug 2009 12:02:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15589 The court held in favor of the assessee, ruling that the trust's activities related to film distribution rights exploitation did not constitute 'business activity.' The income derived was considered part of the trust's corpus, aligned with its charitable objectives, and not taxable income under the Income-tax Act. The court concluded that the trust was not engaged in a business of film distribution, rejecting the Revenue's contentions on all issues raised. Case-Laws Income Tax Tue, 15 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15589