‘Surplus Alone Doesn’t Make Hospital Profit-Driven’: Bombay HC Grants Breach Candy Hospital Trust Tax Relief
The Bombay High Court has directed the Income Tax Department to grant Breach Candy Hospital Trust tax exemption approvals for assessment years 2002-03 to 2021-22. The court ruled that surplus income alone does not prove a profit motive, noting that funds were used for hospital operations and facilities. The approvals must be granted within eight weeks.
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Story file
- Section
- Business
- Topics
- Courts & law
- Places
- Maharashtra
- First reported by
- The Free Press Journal
- Reporter
- urvi mahajani
- Published
- Wednesday, 14 October 2026, 2:30 am IST
- Coverage
- One outlet so far
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