Holding of seminar by trust isn’t a business activity if it was held with sole intent of attaining object of trust

INCOME TAX : Where assessee-trust, set up to address national issues relating to real estate sector, earned revenue from activities of holding conventions, exhibitions etc., since activities that were carried out by assessee were with sole intent of attaining object for which trust was established, activities of assessee would not be hit by exclusion carved out in definition of 'charitable purpose' in section 2(15) and as such, assessee was eligible for exemption under section

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000196067/holding-of-seminar-by-trust-isn’t-a-business-activity-if-it-was-held-with-sole-intent-of-attaining-object-of-trust.aspx