https://www.taxtmi.com/caselaws?id=797002 Exemption under Section 11 remains available where a trust registered under Section 12A pursues education, medical relief and relief of the poor, despite earning rental income and licence fees from trust property. These objects fall outside the residual general-public-utility category subject to the restrictive proviso to Section 2(15). Substantial or systematically collected property receipts do not constitute trade, commerce or business without an independent commercial venture, particularly where they fund charitable objects. In the absence of changed objects, non-genuine activities, diversion of funds, or disputed application of income, the proviso does not apply and additions based on denial of exemption are deleted. en-us Tue, 04 Aug 2026 00:00:00 +0530 Fri, 14 Aug 2026 07:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797002 Exemption under Section 11 remains available where a trust registered under Section 12A pursues education, medical relief and relief of the poor, despite earning rental income and licence fees from trust property. These objects fall outside the residual general-public-utility category subject to the restrictive proviso to Section 2(15). Substantial or systematically collected property receipts do not constitute trade, commerce or business without an independent commercial venture, particularly where they fund charitable objects. In the absence of changed objects, non-genuine activities, diversion of funds, or disputed application of income, the proviso does not apply and additions based on denial of exemption are deleted. Case-Laws Income Tax Tue, 04 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797002