https://www.taxtmi.com/caselaws?id=39478 A trust is not treated as held wholly for charitable purposes where its deed includes an independent non-charitable object and gives trustees discretion to apply income or corpus to that object. Here, although several objects were charitable, the trust also permitted application for the welfare of employees of the trust or institutions conducted by it, which was not charitable in the relevant sense. Because that object was not merely incidental and could be validly pursued under the deed, the licence-fee income from trust property did not qualify for exemption under section 4(3)(i) and was taxable. en-us Tue, 02 Jul 1974 00:00:00 +0530 Fri, 12 Feb 2016 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39478 A trust is not treated as held wholly for charitable purposes where its deed includes an independent non-charitable object and gives trustees discretion to apply income or corpus to that object. Here, although several objects were charitable, the trust also permitted application for the welfare of employees of the trust or institutions conducted by it, which was not charitable in the relevant sense. Because that object was not merely incidental and could be validly pursued under the deed, the licence-fee income from trust property did not qualify for exemption under section 4(3)(i) and was taxable. Case-Laws Income Tax Tue, 02 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39478