Predominant activity of assessee society is charity, income from property held under Trust which is applied for charitable object such as school, health centre, library and donation to another Trust is held to be eligible for exemption. (AY. 1987-88 to 2014 -15)
AVM Charities. v. ITO (2019) 175 ITD 654 / 174 DTR 1 / 197 TTJ 513(Chenni)(Trib.)
S. 11 : Property held for charitable purposes–kalyanamandapams, school, health centre and library-Donation to Trust–Predominant activity of assessee society is charity- Eligible for exemption. [S. 11(1), 11(4), 12A]