https://www.taxtmi.com/caselaws?id=466367 The trust's running of a longstanding Carnatic music school qualifies as an education trust rather than a general public utility, since nominal fees and deficits show absence of profit motive; consequently the education classification is upheld and exemption under section 11 is sustainable. The petrol bunk operation is a business "incidental" to the trust's charitable objects where surplus from that business is applied to educational activities, separate books are maintained and the licence and assets are held in the trust; accordingly the petrol outlet does not vitiate exemption under section 11(4A). The appellate direction to withdraw exemption was rejected and the assessee's exemption was sustained. en-us Mon, 18 Nov 2024 00:00:00 +0530 Tue, 03 Feb 2026 11:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466367 The trust's running of a longstanding Carnatic music school qualifies as an education trust rather than a general public utility, since nominal fees and deficits show absence of profit motive; consequently the education classification is upheld and exemption under section 11 is sustainable. The petrol bunk operation is a business "incidental" to the trust's charitable objects where surplus from that business is applied to educational activities, separate books are maintained and the licence and assets are held in the trust; accordingly the petrol outlet does not vitiate exemption under section 11(4A). The appellate direction to withdraw exemption was rejected and the assessee's exemption was sustained. Case-Laws Income Tax Mon, 18 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466367