Supreme Court · 1997 INSC 432 · Decided 24 April 1997
M/S. Thiagarajar Charities, Madurai v. The Additional Commissioner of Income-Tax and ANR.
- Court
- Supreme Court of India
- Citation
- 1997 INSC 432 · [1997] 3 S.C.R. 965
- Case number
- CIVIL APPEAL No. 482/1980
- Decided
- 24 April 1997
- Bench
- K.S. PARIPOORNAN, K. VENKATASWAMI, B.N. KIRPAL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 11, 2(15)
Headnote
CHARITIES, MADURAI v. THE ADDITIONAL COMMISSIONER OF INCOME-TAX AND ANR. APRIL 24, 1997 [K. S. PARIPOORNAN, K. VENKATASWAMI AND B.N. KIRPAL, JJ.) A B Income-Tax Act, 1961-Section ll-Exemption-CJ1aritable Trust-Mode of determination-Main objects of Tmst were educational, medi- C cal relief and the power of the Trustees to effectuate the aforesaid objects should not be mistaken for the objects of the Trust-The business of purchasing and selling cotton, cotton yam, cloth and D fibres etc., held, corpus of the Trust and the real object was to afford 'relief to the poor'-So, profit
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