https://www.taxtmi.com/caselaws?id=413127 An entity remains charitable under Section 2(15) where incidental receipts from laboratory testing and consultancy are earned in furtherance of its predominant object and no profit motive is shown. The court noted that the assessee, an apex coordinating body for State road transport undertakings, was meant to improve public transport and assist members at economical cost. Since the concurrent findings below held that the activities supported the main charitable purpose and did not amount to business, trade or commerce, interference was unwarranted absent perversity or a substantial question of law. The exemption-related relief was therefore sustained. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 10 Oct 2022 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413127 An entity remains charitable under Section 2(15) where incidental receipts from laboratory testing and consultancy are earned in furtherance of its predominant object and no profit motive is shown. The court noted that the assessee, an apex coordinating body for State road transport undertakings, was meant to improve public transport and assist members at economical cost. Since the concurrent findings below held that the activities supported the main charitable purpose and did not amount to business, trade or commerce, interference was unwarranted absent perversity or a substantial question of law. The exemption-related relief was therefore sustained. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413127