https://www.taxtmi.com/caselaws?id=38017 The court granted exemption to Bangalore Stock Exchange Ltd. under Section 11 of the Income Tax Act, finding its income from membership and listing fees not involving profit-making activities. The court held that the assessee's objects were of general public utility, aligning with precedents. It determined that the income was used for charitable purposes, not for profit, and thus eligible for relief under the Income Tax Act. en-us Wed, 19 Jul 1978 00:00:00 +0530 Fri, 02 Apr 2010 15:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38017 The court granted exemption to Bangalore Stock Exchange Ltd. under Section 11 of the Income Tax Act, finding its income from membership and listing fees not involving profit-making activities. The court held that the assessee's objects were of general public utility, aligning with precedents. It determined that the income was used for charitable purposes, not for profit, and thus eligible for relief under the Income Tax Act. Case-Laws Income Tax Wed, 19 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38017