https://www.taxtmi.com/caselaws?id=418399 A charitable society running a printing press and publishing a newspaper did not lose exemption merely because it earned receipts from those activities. The Delhi High Court noted that the income was applied to charitable objects, there was no profit motive, and receipt of fees or generation of income alone did not establish trade, commerce or business under the proviso to Section 2(15) of the Income-tax Act, 1961. The Tribunal's finding that the activities were charitable in character was not shown to be perverse, so the proviso was held inapplicable and exemption under Section 11 remained available. en-us Fri, 11 Feb 2022 00:00:00 +0530 Wed, 16 Feb 2022 08:13:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418399 A charitable society running a printing press and publishing a newspaper did not lose exemption merely because it earned receipts from those activities. The Delhi High Court noted that the income was applied to charitable objects, there was no profit motive, and receipt of fees or generation of income alone did not establish trade, commerce or business under the proviso to Section 2(15) of the Income-tax Act, 1961. The Tribunal's finding that the activities were charitable in character was not shown to be perverse, so the proviso was held inapplicable and exemption under Section 11 remained available. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418399