C.I.T. BOMBAY vs BAR COUNCIL OF MAHARASHTRABAR COUNCIL OF INDIABAR COUNCIL O

The Supreme Court held that the Bar Council of Maharashtra qualifies as a body advancing an object of general public utility under Section 2(15) of the Income Tax Act, 1961. The Court ruled that income derived from securities and enrollment fees is exempt from tax under Section 11, as the primary purpose of the Council aligns with charitable objectives. The decision of the High Court was upheld, confirming that the Council's activities do not involve profit-making, thus satisfying the requirements of the Income Tax Act.