https://www.taxtmi.com/caselaws?id=38727 An association whose memorandum showed dominant objects of promoting and protecting the textile industry, advancing commercial and technical education, circulating trade information, making representations to public authorities, and settling trade disputes was treated as pursuing an object of general public utility. Incidental benefits to members did not defeat charitable status because the objects were not confined to private gain, there was no power to distribute profits, and no element of private profit appeared. The purpose was therefore held to be a charitable purpose under section 4(3)(i) of the Indian Income-tax Act, 1922, and the reference was answered for the assessee. en-us Wed, 16 Apr 1975 00:00:00 +0530 Thu, 08 Apr 2010 15:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38727 An association whose memorandum showed dominant objects of promoting and protecting the textile industry, advancing commercial and technical education, circulating trade information, making representations to public authorities, and settling trade disputes was treated as pursuing an object of general public utility. Incidental benefits to members did not defeat charitable status because the objects were not confined to private gain, there was no power to distribute profits, and no element of private profit appeared. The purpose was therefore held to be a charitable purpose under section 4(3)(i) of the Indian Income-tax Act, 1922, and the reference was answered for the assessee. Case-Laws Income Tax Wed, 16 Apr 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38727