CHARITABLE PURPOSE ::

Last updated: 19 December 2007

Court :
HC

Brief :
Held by the Hon`ble Bench that the fact is that the society is engaged in an object of public utility and is not covered by the provision of section 13(1)(bb),thus the trust shall be entitled to exemption u/s 11 as the profit from the business is solely applied for the charitable purpose of the trust.

Citation :
Samaj Kalyan Parishad Vs. ITO

Charitable Purpose Samaj Kalyan Parishad Vs. ITO 01/12/2007 [2007] 291 ITR (AT) 1(Delhi)[SB] Case Fact: Whether in case profit earned by a society, engaged in establishment and maintenance of children`s homes, libraries etc, from a business carried with profit motive and used for the charitable purpose will be entitled for exemption u/s 11? Decision: Held by the Hon`ble Bench that the fact is that the society is engaged in an object of public utility and is not covered by the provision of section 13(1)(bb),thus the trust shall be entitled to exemption u/s 11 as the profit from the business is solely applied for the charitable purpose of the trust.