Daily Archives: May 25, 2026

Imparting Arabic and Islamic academic education constitutes charitable educational activity, not restricted religious activity. Issue Whether a charitable trust established to run educational institutions, which also teaches the Arabic language and the tenets of Islam academically to the general public, should be classified as a religious trust and denied registration under section 12AB and approval… Read More »

Sale of plots held as investment for six years yields capital gains, not business income. Issue Whether the sale of 25 plots of land by an assessee engaged in the bar and restaurant business constitutes an “adventure in nature of trade” taxable as business income, or if it should be treated as a long-term capital… Read More »