“charitable purpose” means—

(a) relief for the poor, education relief, medical relief; and

(b) the improvement or advancement of any purpose of general public utility; but the improvement or advancement of any purpose of general public utility shall not be deemed to be a charitable purpose —

(i) unless it is approved by the ¹[Commissioner of Taxes]; and

(ii) if it engages in any of the following activities—

(1) any activity in the nature of trade, commerce or business of whatever kind or manner; or

(2) rendering any services in exchange for consideration and the aggregate value of such consideration in any income year exceeds Taka ²[1(one) crore];