https://www.taxtmi.com/caselaws?id=29102 The High Court ruled in favor of the trust, allowing tax exemption under section 11 of the Income-tax Act, 1961. The trust's primary objective of public utility through constructing buildings and institutions for public benefit was deemed charitable under section 2(15). The Court held that the income generated, including from letting out properties, was utilized for public welfare, maintaining the trust's eligibility for exemption. The Court clarified that profit-generating activities, like property rentals, did not impact the trust's charitable status as long as they aligned with the trust's overarching charitable purpose. en-us Fri, 21 May 1982 00:00:00 +0530 Wed, 10 Mar 2010 17:37:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29102 The High Court ruled in favor of the trust, allowing tax exemption under section 11 of the Income-tax Act, 1961. The trust's primary objective of public utility through constructing buildings and institutions for public benefit was deemed charitable under section 2(15). The Court held that the income generated, including from letting out properties, was utilized for public welfare, maintaining the trust's eligibility for exemption. The Court clarified that profit-generating activities, like property rentals, did not impact the trust's charitable status as long as they aligned with the trust's overarching charitable purpose. Case-Laws Income Tax Fri, 21 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29102