1980 (5) TMI 3

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....merce Commissioner of Income-Tax, Madras Versus South Indian Film Chamber of Commerce Commissioner of Income-Tax, Madras Versus South Indian Chamber of Commerce Judge(s)  : P. N. BHAGWATI., A. P. SEN., E. S. VENKATARAMAIAH. JUDGMENT This appeal by special leave is covered by the judgment of this court in CIT v. Andhra Chamber of Commerce [1965] 55 ITR 722 and in Addl. CIT v. Surat Art Si....

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.... to earn profit, that the object could be said to involve the carrying on of an activity for profit but if the predominant object was to subserve the charitable purpose then the inhibition of these last 9 words would not be attracted. It is clear from the facts set out in the judgment of the High Court that profit-making was not the predominant object of the activity carried on by the Andhra Chamb....