2011 (7) TMI 1159

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....rs, etc. which had resulted in surplus income and had also engaged in publishing and selling of books of professional interest for being used as reference material by general public as well as professionals in respect of bank audit, tax audit, etc. Therefore, as per ld. DIT (Exemptions), the activities were commercial in nature and in view of amendment to Section 2(15) of the Act, assessee did not....

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....ons) that assessee was carrying on its activities and/or publishing professional books, which helped Chartered Accountants and public in general with any commercial intention. 4. Per contra, learned D.R. submitted that by its activities, the assessee did not help the general public, but only the Chartered Accountants and hence, could not be considered as doing any charitable activity falling wi....

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....we cannot say that such activities were in the nature of trade, commerce or business, even if consider the activity done by the assessee as one for advancement of object of general public utility. In any case, assessee, in our opinion, was only doing educational activity and the substituted Section 2(15) of the Act which effectively added a proviso thereto, would not apply to the assessee since su....