https://www.taxtmi.com/caselaws?id=765606 ITAT Mumbai held that a charitable trust running a hospital was entitled to exemption under section 11 for receipts from various activities including chemist shop operations, interest on FDs, PCO receipts, canteen income, and rental receipts. The tribunal determined these receipts were incidental and ancillary to the trust's dominant charitable purpose of providing medical and educational relief, not earned with profit motive. The court applied the principle that charitable character is not lost merely because some profit arises from activities supporting the main charitable object. Addition made by AO was deleted in favor of the assessee. en-us Wed, 30 Oct 2024 00:00:00 +0530 Wed, 05 Feb 2025 08:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765606 ITAT Mumbai held that a charitable trust running a hospital was entitled to exemption under section 11 for receipts from various activities including chemist shop operations, interest on FDs, PCO receipts, canteen income, and rental receipts. The tribunal determined these receipts were incidental and ancillary to the trust's dominant charitable purpose of providing medical and educational relief, not earned with profit motive. The court applied the principle that charitable character is not lost merely because some profit arises from activities supporting the main charitable object. Addition made by AO was deleted in favor of the assessee. Case-Laws Income Tax Wed, 30 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765606