https://www.taxtmi.com/caselaws?id=192042 The Madras High Court, in a case concerning a Chamber of Commerce seeking income tax exemption, ruled in favor of the assessee. The Court held that the Chamber's activities, primarily aimed at public utility rather than profit-making, fell within the definition of "Charitable purpose" under the Income Tax Act. The judgment emphasized the non-profit nature of the Chamber's objectives and its compliance with the statutory provisions for tax exemption under sections 2(15) and 11 of the Act. The Court's decision clarified the significance of an organization's objectives in determining eligibility for tax exemption. en-us Thu, 03 Jan 1980 00:00:00 +0530 Wed, 10 May 2017 16:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192042 The Madras High Court, in a case concerning a Chamber of Commerce seeking income tax exemption, ruled in favor of the assessee. The Court held that the Chamber's activities, primarily aimed at public utility rather than profit-making, fell within the definition of "Charitable purpose" under the Income Tax Act. The judgment emphasized the non-profit nature of the Chamber's objectives and its compliance with the statutory provisions for tax exemption under sections 2(15) and 11 of the Act. The Court's decision clarified the significance of an organization's objectives in determining eligibility for tax exemption. Case-Laws Income Tax Thu, 03 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192042