https://www.taxtmi.com/caselaws?id=34376 A charitable society registered under the Societies Registration Act and section 12A may claim exemption under section 11(1)(a) where the income is derived from property held under trust; the exemption is not confined to entities formally constituted as trusts if the statutory conditions are otherwise met. The Court treated societies and trusts as falling within the Act's broader concept of persons and held that denial of exemption merely because the assessee was a society was unwarranted, subject to factual verification of expenditure. en-us Wed, 19 Aug 2009 00:00:00 +0530 Tue, 03 Nov 2009 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34376 A charitable society registered under the Societies Registration Act and section 12A may claim exemption under section 11(1)(a) where the income is derived from property held under trust; the exemption is not confined to entities formally constituted as trusts if the statutory conditions are otherwise met. The Court treated societies and trusts as falling within the Act's broader concept of persons and held that denial of exemption merely because the assessee was a society was unwarranted, subject to factual verification of expenditure. Case-Laws Income Tax Wed, 19 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34376