https://www.taxtmi.com/caselaws?id=458294 The HC dismissed the trust's appeal against rejection of its FCRA application for receiving foreign contributions. The court found that despite the trust's stated welfare objectives, it spent less than 1% of its Rs. 8 crore annual revenue on welfare activities, while generating substantial income from commercial activities including rentals. The court determined the trust failed to fulfill its charitable purpose and was primarily engaged in commercial rather than welfare activities. The rejection was upheld as justified, with the court suggesting the trust's income tax exemption also warranted review by appropriate authorities. en-us Thu, 28 Nov 2019 00:00:00 +0530 Fri, 18 Oct 2024 19:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458294 The HC dismissed the trust's appeal against rejection of its FCRA application for receiving foreign contributions. The court found that despite the trust's stated welfare objectives, it spent less than 1% of its Rs. 8 crore annual revenue on welfare activities, while generating substantial income from commercial activities including rentals. The court determined the trust failed to fulfill its charitable purpose and was primarily engaged in commercial rather than welfare activities. The rejection was upheld as justified, with the court suggesting the trust's income tax exemption also warranted review by appropriate authorities. Case-Laws Income Tax Thu, 28 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458294