https://www.taxtmi.com/article/detailed?id=9722 Whether interest on deposits of a registered charitable trust is business income depends on application of the proviso to the charitable purpose definition: activities in the nature of trade or fees are excluded from charitable status unless incidental to the object and within the permitted aggregate receipts. The tribunal found that the question whether the trust's non profit object prevents the proviso's application was unadjudicated and remitted the matter to the assessing officer for fresh decision after hearing. en-us Thu, 25 Mar 2021 09:28:05 +0530 Thu, 25 Mar 2021 09:28:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9722 Whether interest on deposits of a registered charitable trust is business income depends on application of the proviso to the charitable purpose definition: activities in the nature of trade or fees are excluded from charitable status unless incidental to the object and within the permitted aggregate receipts. The tribunal found that the question whether the trust's non profit object prevents the proviso's application was unadjudicated and remitted the matter to the assessing officer for fresh decision after hearing. Articles Income Tax Thu, 25 Mar 2021 09:28:05 +0530 https://www.taxtmi.com/article/detailed?id=9722