https://www.taxtmi.com/caselaws?id=27264 The High Court of Kerala ruled in favor of the Sree Narayana Trust, Quilon, allowing exemption of income from tax under section 11 of the Income-tax Act, 1961 for the assessment year 1971-72. The court held that the trust's activities, outlined in the trust deed, aligned with charitable purposes such as educational activities and welfare promotion for backward people. The court emphasized that profit-making activities would not disqualify an institution as charitable as long as the primary purpose is related to relief of the poor, education, or medical relief. The court directed the parties to bear their respective costs in the case. en-us Thu, 23 Aug 1984 00:00:00 +0530 Thu, 11 Feb 2010 17:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27264 The High Court of Kerala ruled in favor of the Sree Narayana Trust, Quilon, allowing exemption of income from tax under section 11 of the Income-tax Act, 1961 for the assessment year 1971-72. The court held that the trust's activities, outlined in the trust deed, aligned with charitable purposes such as educational activities and welfare promotion for backward people. The court emphasized that profit-making activities would not disqualify an institution as charitable as long as the primary purpose is related to relief of the poor, education, or medical relief. The court directed the parties to bear their respective costs in the case. Case-Laws Income Tax Thu, 23 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27264