https://www.taxtmi.com/caselaws?id=37287 The High Court held that the income derived by the assessee from its General Fund and South Indian Women Workers Executive Committee Fund was not entitled to exemption under section 11 of the Income-tax Act, 1961. Additionally, the income from the purchase and sale of handicrafts, without setting up educational institutions or training centers, did not qualify as a charitable purpose for exemption under section 11. The Court found that the activities were profit-oriented and did not meet the criteria for exemption, ruling in favor of the revenue and directing the assessee to pay the revenue's costs. en-us Wed, 12 Apr 1978 00:00:00 +0530 Sat, 27 Mar 2010 18:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37287 The High Court held that the income derived by the assessee from its General Fund and South Indian Women Workers Executive Committee Fund was not entitled to exemption under section 11 of the Income-tax Act, 1961. Additionally, the income from the purchase and sale of handicrafts, without setting up educational institutions or training centers, did not qualify as a charitable purpose for exemption under section 11. The Court found that the activities were profit-oriented and did not meet the criteria for exemption, ruling in favor of the revenue and directing the assessee to pay the revenue's costs. Case-Laws Income Tax Wed, 12 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37287