https://www.taxtmi.com/caselaws?id=39698 The court ruled against the assessee, determining that the business activities conducted, including running chitties, did not qualify as property held under trust for charitable purposes under section 11 of the Income-tax Act, 1961. It emphasized the necessity for income derived from business activities to be exclusively applied to charitable purposes to be eligible for tax exemption. The judgment highlighted the importance of aligning business activities with charitable objectives and restricting the application of funds solely to charitable purposes to qualify for tax exemption. en-us Wed, 12 Jun 1974 00:00:00 +0530 Mon, 19 Apr 2010 17:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39698 The court ruled against the assessee, determining that the business activities conducted, including running chitties, did not qualify as property held under trust for charitable purposes under section 11 of the Income-tax Act, 1961. It emphasized the necessity for income derived from business activities to be exclusively applied to charitable purposes to be eligible for tax exemption. The judgment highlighted the importance of aligning business activities with charitable objectives and restricting the application of funds solely to charitable purposes to qualify for tax exemption. Case-Laws Income Tax Wed, 12 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39698