Property held under trust includes Business Undertaking - Section 11(4)

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....y held under trust" and shall be eligible for exemption under section 11(1) & 11(2). * Charitable trust engaged in business activity * Section 11(4A) even if its object involve the under the respective regime, would be available in respect of income, being profit and gains from business activity if * Such business is incidental to the attainment of the objects of the trust institution; and ....