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Showing contexts for: charitable trust objects in Commissioner Of Income-Tax vs Agricultural Produce And Market ... on 28 March, 2007Matching Fragments
21. Recently the apex court in the case of Director of Income-tax v. Bharat Diamond Bourse [2003] 259 ITR 280 held thus (page 287):
...Where the main or primary objects are distributive, each and every one of the objects must be charitable in order that the trust be held as a valid charity. But, if the primary or dominant purpose of the institution is charitable and another which, by itself, may not be charitable, but is merely ancillary or incidental to the primary or dominant object, it would not prevent the institution from validly being recognized as a charity. The test to be applied is, whether the object which is said to be non-charitable is the main or primary object of the trust or institution or it is ancillary or incidental to the dominant object which is charitable.