first needs to be
addressed is that whether the objects of the trust are
charitable or religious or a mix of both since the Assessing ... taxmann.com 243 held that if the assessee trust is formed with both
religious and charitable objects in terms of section
with a view not to affect the genuine charitable trusts and societies carrying on
genuine charitable objects in the earlier years and substantive conditions
stipulated ... effect with a view not to
affect genuine charitable trusts and societies carrying on genuine
charitable objects in the earlier years and substantive conditions
stipulated
shops are not
charitable in nature as the surplus is not being used towards
other objects of the trust but deposited in banks for earning ... Besides others charitable objects these were the specific
objects:-
S.No-1 "To develop, run and maintain dharamshala, ashram,
charitable dispensary, hospital
undisputed fact on record that
assessee is a charitable trust and its objects are of charitable nature.
Assessee is registered
objects of the society/Trust should be of charitable in
nature.
(ii) The activities of the society/Trust should be genuine.
3
ITA No.1067 ... form the charitable trust with main
objective of library for students.
5) The cousins sisters created the trust but someone objected and
objection was filed
objects of the Society should be charitable in
nature & the society should be genuine as held
in Surya Educational and Charitable Trust ... activities of the trust
or institution and the objects of the trust. In so far as the objects are
concerned, as discussed by us earlier
facts in brief are that the assessee is a charitable trust
established in the year 2003 which is running medical colleges and
educational institutions ... also running a hospital at Banur,
Punjab. Since the objects of the assessee trust was charitable within
the meaning of section
cleaning is available beforehand.
Further, to understand whether the trust/institution is created for charitable
purpose which can be allowed the exemption ... Registrar of Firms & Societies, Haryana with the aim and object of
carrying out charitable work including maintain and running a
dharamshala for the benefit
trust of institution are
not genuine (b) that the activities of the trust or institution
are not being carried out in accordance with the objects ... Trust, no addition
could be made against the assessee. The facts in the
present case are similar to the case of Fateh Chand
Charitable Trust
2017
wherein it has been held that in the case of a charitable trust whose income
is exempt under section 11 , its claim of depreciation cannot ... depreciation is claimed by a charitable trust in determining
percentage of funds applied for the purposes of charitable objects as held
