https://www.taxtmi.com/caselaws?id=38925 An association claiming charitable status was denied tax exemption because its activities were carried on for profit and its governing documents did not prohibit profit-making. Although it argued that its objects promoted general public utility through support of motor trade and industry, the court held that the relevant exemption provisions were unavailable where the memorandum and articles allowed profits to be earned from the activities in question. The income from those activities was therefore not exempt under section 4(3)(i) of the Indian Income-tax Act, 1922 or section 11 of the Income-tax Act, 1961. en-us Tue, 06 Jan 1976 00:00:00 +0530 Sat, 10 Apr 2010 13:37:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38925 An association claiming charitable status was denied tax exemption because its activities were carried on for profit and its governing documents did not prohibit profit-making. Although it argued that its objects promoted general public utility through support of motor trade and industry, the court held that the relevant exemption provisions were unavailable where the memorandum and articles allowed profits to be earned from the activities in question. The income from those activities was therefore not exempt under section 4(3)(i) of the Indian Income-tax Act, 1922 or section 11 of the Income-tax Act, 1961. Case-Laws Income Tax Tue, 06 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38925