https://www.taxtmi.com/caselaws?id=787881 Characterisation under the charitable-object definition turns on whether commercial activities are incidental to the GPU object and comply with the requisites of the proviso to Section 2(15) and Section 11 (including requirements for separate books and the earnings retention test); the applicable Apex Court tests require intrinsic linkage between business activity and the GPU object and application of quantitative thresholds. On the facts the assessee recorded no retained income but a deficit and subsequent assessments showed retained receipts below the monetary threshold, so exemption under Section 11 and Section 12 is permitted for the year considered. en-us Wed, 30 Jul 2025 00:00:00 +0530 Fri, 13 Mar 2026 08:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787881 Characterisation under the charitable-object definition turns on whether commercial activities are incidental to the GPU object and comply with the requisites of the proviso to Section 2(15) and Section 11 (including requirements for separate books and the earnings retention test); the applicable Apex Court tests require intrinsic linkage between business activity and the GPU object and application of quantitative thresholds. On the facts the assessee recorded no retained income but a deficit and subsequent assessments showed retained receipts below the monetary threshold, so exemption under Section 11 and Section 12 is permitted for the year considered. Case-Laws Income Tax Wed, 30 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787881