https://www.taxtmi.com/caselaws?id=5855 An object qualifies as charitable under section 2(15) of the Income-tax Act, 1961 where its predominant purpose is charitable and any profit element is merely incidental; the profit-making restriction applies only when earning profit is the dominant purpose of the activity. Applying that principle, the Chamber's main object was to promote trade and commerce, which fell within advancement of an object of general public utility. Because profit-making was not its predominant purpose, its income remained exempt under section 11(1). en-us Fri, 02 May 1980 00:00:00 +0530 Wed, 04 Mar 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5855 An object qualifies as charitable under section 2(15) of the Income-tax Act, 1961 where its predominant purpose is charitable and any profit element is merely incidental; the profit-making restriction applies only when earning profit is the dominant purpose of the activity. Applying that principle, the Chamber's main object was to promote trade and commerce, which fell within advancement of an object of general public utility. Because profit-making was not its predominant purpose, its income remained exempt under section 11(1). Case-Laws Income Tax Fri, 02 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5855