Excess of income over exp. can’t be a reason to hold that trust isn’t engaged in charitable activities: HC

INCOME TAX : Assessee was a trust established for educational purposes - It established a matriculation school for offering education both in Tamil and English medium - It had also established a Teacher's Training College - It filed an application for registration under section 12AA - Commissioner noted that income of assessee for four financial years was in excess of expenditure for both educational institutions - Thus,

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