https://www.taxtmi.com/caselaws?id=28193 The High Court of Madhya Pradesh ruled that a trust, primarily focused on constructing and maintaining a public Dharmshala, qualified for tax exemption under Section 2(15) of the Income Tax Act. Despite generating income from shops and halting fees, the court found the trust's activities aimed at public utility rather than profit-making. Emphasizing the importance of charitable objectives over profit motives, the court concluded that the trust's income accumulation was for maintenance and upkeep, not for profit. Therefore, the trust was deemed eligible for tax exemption as its activities were not primarily profit-oriented. en-us Fri, 22 Oct 1982 00:00:00 +0530 Fri, 19 Feb 2010 15:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28193 The High Court of Madhya Pradesh ruled that a trust, primarily focused on constructing and maintaining a public Dharmshala, qualified for tax exemption under Section 2(15) of the Income Tax Act. Despite generating income from shops and halting fees, the court found the trust's activities aimed at public utility rather than profit-making. Emphasizing the importance of charitable objectives over profit motives, the court concluded that the trust's income accumulation was for maintenance and upkeep, not for profit. Therefore, the trust was deemed eligible for tax exemption as its activities were not primarily profit-oriented. Case-Laws Income Tax Fri, 22 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28193