Case Law Analysis
|Income Tax Appellate Tribunal
Section 2(15) IT Act | Incidental Income Under 20% Threshold Preserves Charitable Status : ITAT Mumbai Upholds 12AB Registration
ITAT Mumbai rules that a charitable trust's incidental income from agro, gaushala, and rental activities does not defeat its charitable purpose under Section 2(15) of the Income Tax Act if it remains below the 20% threshold. The decision reinforces that registration under Section 12AB cannot be denied solely on grounds of minor commercial income aligned with the trust's objects.