https://www.taxtmi.com/caselaws?id=283776 A trust deed must be read as a whole when deciding charitable status under section 4(3)(i) of the Indian Income-tax Act, 1922. Clauses empowering trustees to advance commerce and industry, manage allied institutions, or accept donations did not defeat exemption because those powers were confined to objects consistent with the trust's dominant charitable purposes. Advancement of commerce and industry was treated as an object of general public utility, and donations were treated as accretions to the trust fund without evidence of non-charitable application. The trust therefore retained its charitable character and remained entitled to exemption. en-us Tue, 03 Sep 1963 00:00:00 +0530 Fri, 11 Oct 2019 11:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283776 A trust deed must be read as a whole when deciding charitable status under section 4(3)(i) of the Indian Income-tax Act, 1922. Clauses empowering trustees to advance commerce and industry, manage allied institutions, or accept donations did not defeat exemption because those powers were confined to objects consistent with the trust's dominant charitable purposes. Advancement of commerce and industry was treated as an object of general public utility, and donations were treated as accretions to the trust fund without evidence of non-charitable application. The trust therefore retained its charitable character and remained entitled to exemption. Case-Laws Income Tax Tue, 03 Sep 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283776