Auditorium income held in trust by society qualifies for exemption u/s 11, supporting trust's objectives.

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....One of the ways of generating fund is by maintaining the auditorium under trust. In this case, the auditorium was held under trust of the society for the purpose of generating funds. The income generated out of the auditorium was used to the objects of the trust. - Exemption u/s 11 allowed - AT....