https://www.taxtmi.com/caselaws?id=36693 Buildings and land used for public worship or public charity may qualify for exemption under section 6(f) where the rent derived from them is applied to religious or charitable objects. The expression "rent derived" was read as net rent after legitimate incidental outgoings directly connected with the trust's objects and the maintenance of its properties, including repairs, salaries, taxes, insurance, litigation, and rent collection expenses. Those expenditures were treated as part of the trust's religious and charitable administration, and the remaining income applied to such objects satisfied the proviso. The trust's properties were therefore entitled to exemption, and the tax assessments could not stand. en-us Fri, 25 Jan 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:38:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36693 Buildings and land used for public worship or public charity may qualify for exemption under section 6(f) where the rent derived from them is applied to religious or charitable objects. The expression "rent derived" was read as net rent after legitimate incidental outgoings directly connected with the trust's objects and the maintenance of its properties, including repairs, salaries, taxes, insurance, litigation, and rent collection expenses. Those expenditures were treated as part of the trust's religious and charitable administration, and the remaining income applied to such objects satisfied the proviso. The trust's properties were therefore entitled to exemption, and the tax assessments could not stand. Case-Laws Income Tax Fri, 25 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36693