https://www.taxtmi.com/caselaws?id=26738 The High Court affirmed the Tribunal's decision, ruling that M/s. Adarsh Gram Trust's net wealth is exempt under section 5(1)(i) of the Wealth-tax Act. The Court determined that the trust's objects, such as promoting khadi and uplifting marginalized groups, were charitable. It held that activities aligned with Mahatma Gandhi's principles are charitable purposes. The Court interpreted "other constructive activities" in the trust deed as charitable under the ejusdem generis principle. The decision favored the assessee over the Revenue, granting exemption to the trust. en-us Mon, 03 Dec 1984 00:00:00 +0530 Mon, 08 Feb 2010 12:14:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26738 The High Court affirmed the Tribunal's decision, ruling that M/s. Adarsh Gram Trust's net wealth is exempt under section 5(1)(i) of the Wealth-tax Act. The Court determined that the trust's objects, such as promoting khadi and uplifting marginalized groups, were charitable. It held that activities aligned with Mahatma Gandhi's principles are charitable purposes. The Court interpreted "other constructive activities" in the trust deed as charitable under the ejusdem generis principle. The decision favored the assessee over the Revenue, granting exemption to the trust. Case-Laws Wealth-tax Mon, 03 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26738