1980 (5) TMI 3 - SC - Income Tax

Andhra Chamber of Commerce - predominant object was to promote trade and commerce which was an object of general public utility - exempt from tax under s. 11(1).

Summary

The Supreme Court dismissed the appeal by special leave in the case of Commissioner of Income-Tax, Madras Versus Andhra Chamber of Commerce. The court held that the objects of the Andhra Chamber of Commerce fell within the charitable purpose category of "advancement of any other object of general public utility" and its income was exempt from tax under section 11(1) of the Income Tax Act. The appeal and related petitions were all dismissed.