Dismissing the appeal of the Revenue the Court held that main object was to improve the public transport system and to assist its member State transport undertakings by providing automobile parts at the most economical and competitive rates so that the members could run their passenger buses at economical cost.  The first proviso to section 2(15) of the Income-tax Act, 1961 does not exclude entities which are essentially for charitable purpose but conduct some activities for a consideration or a fee. The object of introducing the first proviso is to exclude organisations which are carrying on regular business with profit motive. (AY.2009-10)