1981 (4) TMI 9 - SUPREME COURT

Assessee (chamber of commerce) is engaged in activities in regard to holding of the Indian Trade Fair and sponsoring the Conference of the Afro-Asian Organisation - object and purpose of the trust are promotion, protection and development of trade, commerce and industry in India - held that income derived by the assessee from such activities was exempt under s. 11(1)(a) r/w s. 2(15)