"Charitable purpose"u/s 2(15) of Income-tax Act,1961.

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..... advancement of any other object of general public utility not involving the carrying on of any activity for profit." 2. In the definition of "charitable purpose", the expression "not involving the carrying on of any activity for profit" was added in the 1961 Act. The significance of this expression has been examined by the Supreme Court in great detail in the cases of Sole Trustee Lok Shikshana .....

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..... anna J., and Gupta J. observed. "Ordinarily, profit motive is a normal incident of business activity and if the activity of a trust consists of carrying on of a business and there are no restrictions on its making profit, the court would be well justified in assuming in the absence of some indication to the contrary that the object of the trust involves the carrying on of any activity for profit. .....

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