1980 (5) TMI 3

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..... Commissioner of Income-Tax, Madras Versus Madras Stock Exchange Limited Commissioner of Income-Tax, Madras Versus Andhra Chamber of Commerce 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. JUDGM .....

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..... turers Association, and there it was held by the majority of the judges that it was only where the predominant object and the purpose of the activity carried on was 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. I .....

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