https://www.taxtmi.com/caselaws?id=425348 An institution engaged in training and skill-development for poor communities in backward rural areas retained charitable character because its activities were supported by grants and donations and there was no material showing a profit motive. Mere receipt of consideration or supervision of grant utilisation did not make the activity trade, commerce or business, especially where no fees were charged beyond actual project cost. On those facts, the proviso to Section 2(15) was not attracted and exemption under Section 11 remained available; the concurrent factual findings also showed no perversity warranting interference. en-us Fri, 15 Jul 2022 00:00:00 +0530 Mon, 10 Oct 2022 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425348 An institution engaged in training and skill-development for poor communities in backward rural areas retained charitable character because its activities were supported by grants and donations and there was no material showing a profit motive. Mere receipt of consideration or supervision of grant utilisation did not make the activity trade, commerce or business, especially where no fees were charged beyond actual project cost. On those facts, the proviso to Section 2(15) was not attracted and exemption under Section 11 remained available; the concurrent factual findings also showed no perversity warranting interference. Case-Laws Income Tax Fri, 15 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425348