main objects forming part of the trust deed under which it becomes amply clear that all the objects of the trust are of charitable nature ... activities of the trust or its objects. It has not been stated that any object of the trust is not that of charity or that
trust, the mere fact that the activities of the
trust yield profit will not alter the charitable character of the trust. It was
observed that ... examine the
genuineness of the objects of the Trust, but not the income of the Trust for
charitable or religious purposes. The stage for application
Improvement Trust ignoring the facts altogether that
Batala Improvement Trust is a charitable trust as
registration u/s 12AA has been granted ... assessee had applied its entire income for the charitable objects of the
trust, which fact has illegally not been taken into consideration
business activities are incidental to
the attainment of its objective. The charitable or religious trust
will no longer lose complete exemption from income-tax.
However ... thought to the effect "However, if the object of the
trust is advancement of an object of general public
utility and it carried
trust in carrying out any of the objects of the
trust including the object which is not a religious or charitable nature the income
derived ... charitable nature. [ CIT v. Jaipur
Charitable Trust , (1971) 81 ITR 1,9 (Delhi), affirmed, (1976) 103 ITR 777 (SC);
Zenith Tin Works Charitable Trust
trust for the cause of appellant trust only,
that entire receipt was utilised by appellant trust for the purpose of
object of the trust, that ... objects of the assessee-trust
came to the conclusion that the assessee was a public religious trust
as the objects of the trust were wholly
business
activities are incidental to the attainment of its objective. The
charitable or religious trust will no longer lose complete exemption
from income-tax. However ... thought
to the effect "However, if the object of the trust is advancement
of an object of general public utility and it carried
appeals)
Page 9 of 41
Contrary to the aims and objectives of a charitable trust, the assessee trust
is doing trade and business of colonizer ... business activities are
incidental to the attainment of its objective. The charitable or religious
trust will no longer lose complete exemption from income -tax. However
business
activities are incidental to the attainment of its objective. The
charitable or religious trust will no longer lose complete exemption
from income-tax. However ... effect "However, if the object of the trust is advancement
of an object of general public utility and it carried on any
activity
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
