Supreme Court · 1964 INSC 206 · Decided 1 October 1964
Commissioner of Income-Tax, Madras v. Andhra Chamber of Commerce
- Court
- Supreme Court of India
- Citation
- 1964 INSC 206 · [1965] 1 S.C.R. 565
- Case number
- CIVIL APPEAL No. 941/1963
- Decided
- 1 October 1964
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act; Income Tax Act Section 4(3)(i), 9
Headnote
F G H 565. COMMISSIONER OF INCOME-TAX, MADRAS v. ANDHRA CHAMBER OF COMMERCE October 1, 1964 (K. SuBBA RAo, J. C. SHAH AND S. M. SIKRI JI.) Indian Income Tax Act, 1922 (11of1922), s. 4(3)(i)-Charitable pur­ posei meaning of-Conzpany's object to proniote trade, com1nerc:e and industry, whether protection, and development of trade, comM merce and industry in India. It owned a building where it had ils offices, and those parts of it not in the company's own use were let out to tenants. In income-tax proceedings the company claimed exemption in respect of the rental income under
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