https://www.taxtmi.com/caselaws?id=39151 For exemption under section 5(1)(i) of the Wealth-tax Act, 1957, a trust need not be wholly devoted to a public charitable or religious purpose; it is sufficient if the trust, viewed as a whole, is primarily or predominantly so devoted. The omission of the word "wholly" was treated as deliberate, and the exemption was read as applying to the corpus of trust property where the dominant character of the trust is charitable or religious. On the trust deed considered, four of five objects were charitable and the family-related object did not change the trust's dominant character, so the property was treated as wholly exempt under the provision. en-us Thu, 06 Dec 1973 00:00:00 +0530 Tue, 13 Apr 2010 12:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39151 For exemption under section 5(1)(i) of the Wealth-tax Act, 1957, a trust need not be wholly devoted to a public charitable or religious purpose; it is sufficient if the trust, viewed as a whole, is primarily or predominantly so devoted. The omission of the word "wholly" was treated as deliberate, and the exemption was read as applying to the corpus of trust property where the dominant character of the trust is charitable or religious. On the trust deed considered, four of five objects were charitable and the family-related object did not change the trust's dominant character, so the property was treated as wholly exempt under the provision. Case-Laws Wealth-tax Thu, 06 Dec 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39151