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of <h1>Karnataka High Court Rules Educational Trust Maintains Charitable Status u/s 12AA Despite Commercial Allegations.</h1> The Karnataka High Court examined whether a trust engaged in educational activities deviated from its charitable objectives, impacting its tax-exempt status under Section 12AA of the Income Tax Act. Allegations included commercialization, unauthorized trust deed amendments, and luxury provisions for trustees. The Court determined that generating surplus funds or amending the trust deed did not inherently negate its charitable nature. It found that payments to trustees for genuine services were permissible. The Court upheld the Tribunal's decision, ruling that the trust's activities did not justify cancellation of its registration, emphasizing the balance between financial sustainability and charitable purposes.
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