https://www.taxtmi.com/caselaws?id=38008 The High Court of Karnataka ruled in favor of two charitable trusts, affirming their entitlement to exemption under section 11 of the Income Tax Act. The court held that the provision allowing profit-making activities did not disqualify the trusts as their primary objectives aligned with relief of the poor, education, and medical relief. The court emphasized that the profit-making clause applied to general public utility objects, not charitable purposes, preventing commercial ventures from claiming charitable status. The department was directed to cover the costs of the proceedings, including advocate's fees, clarifying the interpretation of "charitable purpose" under the Act. en-us Thu, 30 Mar 1978 00:00:00 +0530 Fri, 02 Apr 2010 15:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38008 The High Court of Karnataka ruled in favor of two charitable trusts, affirming their entitlement to exemption under section 11 of the Income Tax Act. The court held that the provision allowing profit-making activities did not disqualify the trusts as their primary objectives aligned with relief of the poor, education, and medical relief. The court emphasized that the profit-making clause applied to general public utility objects, not charitable purposes, preventing commercial ventures from claiming charitable status. The department was directed to cover the costs of the proceedings, including advocate's fees, clarifying the interpretation of "charitable purpose" under the Act. Case-Laws Income Tax Thu, 30 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38008