hereinabove. The said trust was only
required to carry out the objects of the trust and spend the trust
funds for charitable purposes ... trust, the assets of the
trust remaining after satisfying of debts and liabilities shall be
transferred to another charitable trust whose objects are similar
that the assessee trust
had objects other than educational objects was also not
material..."
Pinegrove International Charitable Trust vs. Union
of India and Others ... trust notwithstanding the profit and gain
involved therein..."
CIT vs. Janakiammal Ayyandar Trust - 277 ITR 274
(MAD)
"... Charitable purposes - charitable trust - exemption -
businesses
charitable purposes of the trust.
(ii) That the activities of the trust are not charitable though the trust
deed refers to charitable objects. For example ... trust or institution is charitable in
nature. The question whether a trust is charitable or not has to
be examined with reference of its object
toward a
charitable object inasmuch as the entire activity of publication is an activity intended for
the objects of the trust (listed as under) which ... other objects of the trust, though
they have been referred to and, therefore, we hold that the objects of
the trust, as a whole, were
Trusts Act,
1882 . The said Act governs only private Trust. As a public
charitable trust, the assessee is not entitled to invest trust funds ... trust deed, it was contended by him that the trust was not formed for
profit and all the objects of the trusts are charitable
into the objects of the trust and
genuineness of its activities. Ld. AR submitted that the
objects of the trusts were purely charitable falling within ... business and not charitable.
As the objects and activities are held not in
conformity with definition of charitable objects
u/s.2(15), the application
objects is non charitable, the assessee
cannot be treated as a charitable institution even if other objectives are
charitable objectives in nature ... about the objects of
the trust and the genuineness of its activities. The aforesaid
objectives of the trust prima facie and not charitable in nature
Income/tax authorities as genuine charitable organizations. He also submitted that the charitable
objects of the trust have not been doubted ... dissolution of the trust, the assets and liabilities of the trust shall be
transferred to another trust or society having charitable objects. The assessee
Trust' do not qualify to be a charitable. Therefore, the basic
object of the 'Trust' is to earn profit by running ... considerations should inform the
exemption to the object of `education' being pursued by a charitable institution/trust as
well. This is as different parameters
mixed objects coupled with binding legal obligation, I
am unable to satisfy myself about the charitable character of objects of the
trust which ... object, we cannot hold that the primary object of the trust
is to conduct tutorials or coaching classes only. In our interpretation, the main object
