1996 (10) TMI 6 - SC - Income Tax

Charitable Trust - Tribunal was justified in finding that the object of the assessee-trust is the advancement of an object of general public utility not involving the carrying on of an activity for profit and hence the object of the trust is for a charitable purpose within the meaning of section 2(15)

Summary

The Supreme Court allowed the appeal against the Kerala High Court decision regarding the charitable status of a trust. The Tribunal found that the trust's main objects were charitable, and items enabling business activities were for better carrying out charitable purposes. The High Court did not provide specific reasons for disagreeing with the Tribunal's findings. The appeals were allowed in favor of the assessee, setting aside the High Court judgment.