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1970 (9) TMI 13 - HC - Income TaxAssessee is the Indian Chamber of Commerce - Whether the Tribunal was right in holding that the activities carried on by the assessee from which it derived, (a) arbitration fees, (b) fees for certificate of origin, and (c) its share of profit from Messrs. Calcutta Licensed Measurers, were not activities carried on for profit within the meaning of section 2(15) of the Income-tax Act, 1961, and, accordingly, the income derived from such activities was exempt from tax u/s 11
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