Document Fragment View

Matching Fragments

The main object of the Trust is education and this may be achieved by conducting and helping educational institutions and by running reading rooms and libraries and helping the institutions having similar objects as of our Trust. These are all charitable objects. In case the Trust has a surplus income it cannot be spent on any object other than the objects of the Trust. For the present we have been educating the Kannada speaking people through newspapers and journals and we shall be taking up the other ways and means of education as noted in our trust deed as and when it is possible for the Trust. We have no option at all except to spend our income on the objects of our Trust which are all charitable without any doubt or ambiguity."
Analysis of the object clause of the M/s. Loka Shikshana Trust, made by the Apex Court, appear at para 38 of the judgment and this is reproduced hereunder:-
38. In order to see as to whether the appellant-trust is for a charitable purpose, we may first go into the question as to what is the object of the appellant-trust. According to Mr. Palkhivala, learned counsel for the appellant, the object of the appellant-trust is education, while the stand of Mr. Sharma on behalf of the Revenue is that not education, but the last mentioned category in s. 2(15), viz., the advancement of any other object of general public utility, is the object of the appellant-trust. The reason for the above divergence in the stands of Mr. Palkhivala and Mr. Sharma is that, according to Mr. Palkhivala, the concluding words of the definition in s.