https://www.taxtmi.com/caselaws?id=6458 The Supreme Court held that the Indian Chamber of Commerce and the Cochin Chamber of Commerce are not eligible for tax exemption under section 11(1) read with section 2(15) of the Income-tax Act, 1961. The income-generating activities of the chambers were deemed to be carried out for profit, excluding them from the definition of "charitable purpose." Civil Appeal No. 2129 of 1970 was dismissed, while Civil Appeals Nos. 2455 to 2457 of 1972 were allowed, with each party bearing their respective costs. en-us Wed, 17 Sep 1975 00:00:00 +0530 Fri, 28 Jul 2017 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6458 The Supreme Court held that the Indian Chamber of Commerce and the Cochin Chamber of Commerce are not eligible for tax exemption under section 11(1) read with section 2(15) of the Income-tax Act, 1961. The income-generating activities of the chambers were deemed to be carried out for profit, excluding them from the definition of "charitable purpose." Civil Appeal No. 2129 of 1970 was dismissed, while Civil Appeals Nos. 2455 to 2457 of 1972 were allowed, with each party bearing their respective costs. Case-Laws Income Tax Wed, 17 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6458