No cancellation of registration if trust spending earning from newspaper business for education: Madras HC

INCOME TAX : Where assessee-trust was engaged in business of publishing newspaper, though assessee did not run any school or college, surplus of income from business was utilized for donation to a particular assessee-trust which was running educational institution and in earlier years, it was confirmed that amounts which were earned by assessee-trust was spent for a charitable purpose, registration granted to assessee-trust could not be cancelled

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