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TMI Blog1984 (1) TMI 57X X X X Extracts X X X X X X X X Extracts X X X X ..... the circumstances of the case, the assessee-council could be taken to be a body intended to advance any object of general public utility ? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in holding that income from interest was not exempted under section 11 of the Income-tax Act, 1961 ? " The assessee, the Bar Council of Rajasthan, is a body corporate constituted under the Advocates Act, 1961, and it came into existence on November 7, 1962. In respect of the assessment year 1970-71, corresponding to the accounting year ended on March 31, 1970, the assessee derived interest income from securities to the extent of Rs. 26,900. The assessee council claimed that its income was partly exempted from tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r charitable purposes. Thereafter, the assessee-council made an application under s. 256(1) of the Act before the Appellate Tribunal requesting it to draw up a statement of the case and refer the questions of law arising out of the order of the Tribunal dated May 25, 1973, to this court. The Tribunal allowed the application and referred the two questions reproduced above to this court for its opinion, by its order dated June 27, 1974. The answer to the aforesaid two questions is no longer in dispute as similar questions arising out of a reference in the case of the Bar Council of Maharashtra have been decided by their Lordships of the Supreme Court in CIT v. Bar Council of Maharashtra [1981] 130 ITR 28. Identical questions were referred i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tory in character intended to ensure that persons with requisite qualifications who are fit and otherwise proper to be advocates are available for being engaged by the litigating public ; the function prescribed in cl. (c) has been enjoined upon avowedly with the objective of protecting the litigating public from unscrupulous professionals by taking them to task for any misconduct on their part; it is also one of the obligatory functions of a State Bar Council to promote and support measures for law reform as also to conduct law seminars and organise talks on legal topics by eminent jurists, obviously with a view to educate the general public; the function prescribed by cl. (eee) is obviously charitable in nature, the same being to organise ..... X X X X Extracts X X X X X X X X Extracts X X X X
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