https://www.taxtmi.com/caselaws?id=25413 A gift of immovable property to a public charitable trust was held exempt from gift-tax under section 5(1)(v) of the Gift-tax Act, 1958 because the trust's objects were not wholly or substantially religious in nature. The trust aimed both to impart education and to promote the study and practice of the Shwetamber Jain Murtipujak religion among students and others without distinction. Section 5(1A) denied exemption only where the gift was for a purpose the whole or substantially the whole of which was religious. On the stated objects, the charitable character remained dominant, so the exemption applied in favour of the assessee. en-us Thu, 16 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 14:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25413 A gift of immovable property to a public charitable trust was held exempt from gift-tax under section 5(1)(v) of the Gift-tax Act, 1958 because the trust's objects were not wholly or substantially religious in nature. The trust aimed both to impart education and to promote the study and practice of the Shwetamber Jain Murtipujak religion among students and others without distinction. Section 5(1A) denied exemption only where the gift was for a purpose the whole or substantially the whole of which was religious. On the stated objects, the charitable character remained dominant, so the exemption applied in favour of the assessee. Case-Laws Income Tax Thu, 16 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25413