https://www.taxtmi.com/caselaws?id=28055 The interest income of Rs. 1,98,791 was held to be exempt from income-tax for the assessment year 1975-76. The court determined that the Welfare Society, formed for the benefit of government employees, qualified as a charitable trust under section 2(15) of the Income-tax Act. The court emphasized the charitable nature of the society's objectives and its public purpose in providing welfare measures for policemen and their families. Consequently, the interest income derived from the principal sum collected for the Welfare Society was deemed exempt from taxation, ruling in favor of the assessee. en-us Tue, 15 Mar 1983 00:00:00 +0530 Wed, 17 Feb 2010 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28055 The interest income of Rs. 1,98,791 was held to be exempt from income-tax for the assessment year 1975-76. The court determined that the Welfare Society, formed for the benefit of government employees, qualified as a charitable trust under section 2(15) of the Income-tax Act. The court emphasized the charitable nature of the society's objectives and its public purpose in providing welfare measures for policemen and their families. Consequently, the interest income derived from the principal sum collected for the Welfare Society was deemed exempt from taxation, ruling in favor of the assessee. Case-Laws Income Tax Tue, 15 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28055