https://www.taxtmi.com/caselaws?id=372575 Denial of tax exemption for charitable trusts is confined to the quantum of income actually diverted to prohibited beneficiaries; a blanket forfeiture of the trust's entire exempt income is not supported by a plain reading of the exemption and prohibition provisions. The prescribed effect is that only income applied, directly or indirectly, for prohibited persons loses exemption, preserving exemption for remaining income used for charitable purposes; consequently, challenges premised on universal denial do not raise substantial legal questions and may be rejected. en-us Tue, 18 Dec 2018 00:00:00 +0530 Tue, 20 Jan 2026 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372575 Denial of tax exemption for charitable trusts is confined to the quantum of income actually diverted to prohibited beneficiaries; a blanket forfeiture of the trust's entire exempt income is not supported by a plain reading of the exemption and prohibition provisions. The prescribed effect is that only income applied, directly or indirectly, for prohibited persons loses exemption, preserving exemption for remaining income used for charitable purposes; consequently, challenges premised on universal denial do not raise substantial legal questions and may be rejected. Case-Laws Income Tax Tue, 18 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372575