https://www.taxtmi.com/caselaws?id=25312 An association qualifies as an for advancement of an object of general public utility where its predominant purpose is charitable and not profit-making. Section 2(15) applies by testing the dominant object of the activity; incidental surplus does not defeat exemption if the main purpose remains charitable. On the stated facts, the association's principal object was to promote, encourage and protect the interests of persons engaged in banking and pawnbroking, and its constitution required income and property to be applied only to its objects without distribution of profits to members. It was therefore entitled to exemption under section 11 read with section 2(15) of the Income-tax Act, 1961. en-us Tue, 21 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 18:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25312 An association qualifies as an for advancement of an object of general public utility where its predominant purpose is charitable and not profit-making. Section 2(15) applies by testing the dominant object of the activity; incidental surplus does not defeat exemption if the main purpose remains charitable. On the stated facts, the association's principal object was to promote, encourage and protect the interests of persons engaged in banking and pawnbroking, and its constitution required income and property to be applied only to its objects without distribution of profits to members. It was therefore entitled to exemption under section 11 read with section 2(15) of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 21 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25312