1990 (11) TMI 5

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....Cases Nos. 383 of 1974 and 780-789 of 1976, reported in [1979] 120 ITR 358. The following two questions of law were referred for the opinion of the High Court (at p. 360) : "(1) Whether the income derived by the assessee from its General Fund and South Indian Women Workers Executive Committee Fund is entitled to exemption under section 11 of the Income-tax Act, 1961, for the assessment years 19....

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....court in CIT (Addl.) v. Surat Art Silk Cloth Manufacturers Association [1980] 121 ITR 1. It is contended for the appellants that the objects of the assessee, Victoria Technical Institute, are "charitable purposes" and the mere fact that under objects sub-clause (f) "buying and selling or selling on commission articles produced by handicraftsmen or otherwise" will not disentitle the assessee fro....

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....n if an activity for profit is carried on in the course of the actual carrying out of the primary purpose of the trust or institution. When the purpose of trust or institution is the advancement of an object of general public utility, it is that object of general public utility and not its accomplishment or carrying out which must not involve the carrying on of any activity for profit. So long as ....