https://www.taxtmi.com/caselaws?id=414903 A charitable institution running a printing press and publishing a newspaper does not lose exemption under section 11 merely because it earns income from those activities. The first proviso to section 2(15) applies only where the activities amount to trade, commerce or business; mere receipt of fees or generation of income is not enough absent a profit motive or intent to distribute profits. Where the income is applied to charitable objects and the concurrent findings of the lower authorities support charitable character, exemption remains available and those findings will not be disturbed absent perversity. en-us Tue, 16 Nov 2021 00:00:00 +0530 Mon, 10 Oct 2022 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414903 A charitable institution running a printing press and publishing a newspaper does not lose exemption under section 11 merely because it earns income from those activities. The first proviso to section 2(15) applies only where the activities amount to trade, commerce or business; mere receipt of fees or generation of income is not enough absent a profit motive or intent to distribute profits. Where the income is applied to charitable objects and the concurrent findings of the lower authorities support charitable character, exemption remains available and those findings will not be disturbed absent perversity. Case-Laws Income Tax Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414903