https://www.taxtmi.com/caselaws?id=5217 The Supreme Court held that the income of the Surat Art Silk Cloth Manufacturers Association was exempt under Section 11(1)(a) of the Income-tax Act, 1961. The Court emphasized that the primary purpose of the association was charitable, and incidental profit-making activities did not disqualify it from being considered a charitable institution. The income and property of the association were applied solely for the promotion of its charitable objects, and no part of the income or property was distributed among its members. The Court directed the revenue to pay the costs of the association in two sets. en-us Mon, 19 Nov 1979 00:00:00 +0530 Mon, 23 Feb 2015 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5217 The Supreme Court held that the income of the Surat Art Silk Cloth Manufacturers Association was exempt under Section 11(1)(a) of the Income-tax Act, 1961. The Court emphasized that the primary purpose of the association was charitable, and incidental profit-making activities did not disqualify it from being considered a charitable institution. The income and property of the association were applied solely for the promotion of its charitable objects, and no part of the income or property was distributed among its members. The Court directed the revenue to pay the costs of the association in two sets. Case-Laws Income Tax Mon, 19 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5217