Bombay High Court Allows Writ Petition Challenging Denial of Exemption Under Section 10(23C)(via) of Income Tax Act, 1961 — Chemist Shop in Hospital Held Ancillary to Philanthropic Purpose. The court held that the dominant purpose test applies, and incidental commercial activity does not disqualify a charitable trust from exemption if the surplus is used for philanthropic purposes.
27 Mar 2012The petitioner, Baun Foundation Trust, is a public charitable trust registered under the Bombay Public Trust Act, 1950, running Cumballa Hill Hospital...
