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Charitable Trusts Retain Tax-Exempt Status if Business is Incidental and Directly Related to Charitable Objectives.

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Full Text of the Document

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....Charitable trust - if the business is incidental to the attainment of the objectives of the trust and separate books of accounts are maintained by such trust or institution in respect of such business then also the income is exempt so long as the business carried on by the trust; is incidental to the attainment of main object which is charitable in nature. - AT....