Commissioner Of Income Tax vs Andhra Chamber Of Commerce

Authority: Supreme Court Date: 1980-05-02 Section: 2(15), 11 Acts: Income Tax Act 1961 Result: Assessee Citation: (1981) 130 ITR 184 (SC) : (1981) 7 TAXMAN 27 Justices: P.N. Bhagwati, A.P. Sen & E.S. Venkataramiah, JJ. Appeal No: Civil Appeal No. 222 of 1980 & S.L.P. Civil Nos. 4165, 4166 to 4171, 4172 t
Whether the objects of Andhra Chamber of Commerce, which involved promoting trade and commerce as an object of general public utility, constituted a charitable purpose under Section 2(15) of the Income Tax Act 1961, despite carrying on activities that generated profit --- Held: Yes, as the predominant object was charitable and not profit-making, thus qualifying for exemption under Section 11.

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