https://www.taxtmi.com/caselaws?id=49357 The court dismissed the appeals, holding that the income from the property owned by the assessee is exempt under section 4(3)(i) of the Income-tax Act, 1922, as the assessee's activities were aimed at promoting and protecting trade, commerce, and industries, which are objects of general public utility. The court also held that the activities of the assessee did not amount to a trade or business assessable under section 10 of the Act. The appeals were dismissed with costs. en-us Thu, 01 Oct 1964 00:00:00 +0530 Mon, 23 Feb 2015 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49357 The court dismissed the appeals, holding that the income from the property owned by the assessee is exempt under section 4(3)(i) of the Income-tax Act, 1922, as the assessee's activities were aimed at promoting and protecting trade, commerce, and industries, which are objects of general public utility. The court also held that the activities of the assessee did not amount to a trade or business assessable under section 10 of the Act. The appeals were dismissed with costs. Case-Laws Income Tax Thu, 01 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49357