Held that the object of the assessee is to  promotion and protecting trade, commerce and manufacture in Bombay Presidency. On winding up, the members could not claim any share in the surplus assets. The activities carried out by the assessee-chamber continued to be charitable in nature even under the amended definition under section 2(15) of the Act and the assessee was entitled for exemption under section 11 of the Act. (AY.2009-10)