Judgment :- R. JAYASIMHA BABU, J. The question referred to us is as to whether the Tribunal is justified in law in holding that the assessee is entitled to exemption provided under s. 5(1)(i) of the WT Act, 1957, for the asst. yrs. 1966-67 to 1974-75. It was submitted by counsel at the Bar that for the subsequent years, the WTO has not denied exemption provided for under s. 5(1)(i) of the said Act to the assessee. The assessee is a trust whose objects are wide ranging including imparting of education, running free library, to remove differences among people, and to consolidate different sects and raise the status of humanity and also the advancement of general object of public utility. That is what has been held by the Tribunal. The Tribunal also noticed the fact that one of the activities of the trust was to settle disputes and quarrel among members, but that activity was not its primary activity. It also noticed the fact that the conducting chits and collection of deposits from the public was also one of the activities and that again was not its predominant or primary object. The WT Act or the IT Act does not define 'charitable activities' for the purposes of wealth-tax. It is not essential that the trust claiming to be a charitable trust must be wholly and exclusively engaged in charitable activity. It is sufficient, if it's primary or predominant object is charitable. The Tribunal, after a close scrutiny of the terms of the trust deed and the purposes for which the funds and income of the trust has been applied, has held that the object of the trust was predominantly charitable and that all the income of the trust at all times were applied for charitable purposes. We see no reason to differ from that conclusion of the Tribunal, after having perused the terms of the trust deed. We, therefore, answer the question in favour of the assessee and against the Revenue.