Exemption u/s 11 available to Indian Chamber of Commerce on its entire receipts

Indian Chamber of Commerce Vs DCIT (ITAT Kolkata) ITAT Kolkata held that the Indian Chamber of Commerce (ICC) is entitled to exemption u/s 11 of the Act as ICC is not carrying on any activity of holding meetings, seminars and conferences for business purpose but only in support its main object hence it is not hit by the proviso to Section 2(15) of the Act even post amendments. Facts- The assessee the Indian Chamber of Commerce (ICC) is an association of industrialists, being a company registered u/s. 25 of the Companies Act as non-profit making company and does not distribute any dividends to ...