https://www.taxtmi.com/caselaws?id=5856 The SC held that income derived by a chamber of commerce from organizing trade fairs and sponsoring conferences was exempt from taxation. The assessee's activities of promoting, protecting and developing trade, commerce and industry in India constituted charitable purposes under the Income Tax Act. The court ruled that such income qualified for exemption under section 11(1)(a) read with section 2(15), recognizing that the trust's objectives aligned with charitable activities as defined in the statute. en-us Wed, 15 Apr 1981 00:00:00 +0530 Wed, 02 Jul 2025 17:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5856 The SC held that income derived by a chamber of commerce from organizing trade fairs and sponsoring conferences was exempt from taxation. The assessee's activities of promoting, protecting and developing trade, commerce and industry in India constituted charitable purposes under the Income Tax Act. The court ruled that such income qualified for exemption under section 11(1)(a) read with section 2(15), recognizing that the trust's objectives aligned with charitable activities as defined in the statute. Case-Laws Income Tax Wed, 15 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5856