charitable trust to
another for utilisation by the done trust towards its charitable objects is
proper application of income for charitable purpose in the hands ... charitable objective of the trust. In
effect, this is an investment by the trust not connected with its
charitable activities and again admittedly
charitable activity shown by the trust and therefore, it
cannot be said that such payment was made in furtherance of any
charitable objects ... said vehicle was used for any
furtherance of the charitable objects of the trust. Admittedly, when this
vehicle was purchased the auction sale
from religious and charitable trusts has taken
effective measures to minimise misuse of trust funds. As a result, a
charitable trust loses tax exemption ... accomplishing its objects.” The
same judgment also stated that:
“if the object of the trust is advancement of an object of general public utility
Lucknow Development Authority , ... vs Acit (E), Lucknow on 10 March, 2022
I.T.A. Nos
purpose of trust is charitable, incidentally if some profit is made
and such profit is used for charitable purposes, the said
trust/institution does ... charitable
trust" was considered. DBJ is a registered public trust under M.
P. Public Trust Act, 1951. It filed an application before
trust is
being spent for charitable purposes or the trust is earning profit while
granting registration. Since the assessee trust was established for
educational purposes ... trust is being spent for
charitable purposes or the trust is earning profit while granting
registration. Since the assessee trust was established for educational
purposes
objects of the trust for spending the
entire income of the trust properties. The property of the trust was not
held wholly for charitable ... purpose of creating
the trust was to utilise the income of the trust property "partly on
charitable objects and partly towards the maintenance
violated the objects of the trust as wellthe transferring the property of the
trust without any good cause against the interest of trust. Accordingly,
grounds ... Trust changed the original Trust Deeds and it has violated
the objects of the Trust in transferring the property of the Trust. This
finding
further probe into the objects of the
Trust and make an assessment holding that the Trust is not a
Charitable Trust. The learned counsel went ... finding regarding the
charitable trust nature of the Trust cannot be imported into the
Income Tax Act to bring the Trust under the definition
charitable purpose and each of the activities and incidental
objects are to be read along with primary object of the Trust.
It was further held ... clauses of the
Trust Deed, it is axiomatic that primary purpose / objects of
the assessee enumerated in the Trust Deed are charitable in
nature
