Society was constituted by Ministry of Textiles, Government of India to promote handloom sector by organising exhibitions in different parts of country for display and sale of handloom fabrics/cloth manufactured by handloom weavers and handloom society claimed exemption u/s 11 of the Act. AO held that  activities of assessee did not fall under section 2(15) of the Act. CIT(A) allowed the exemption. On appeal by the revenue the  Tribunal held that since motive of assessee was to provide a platform for handloom weavers of country for marketing and displaying their products through exhibitions and activities were not for any private gain or profit and receipts were used for activities of society and activities were monitored by Government of India, assessee could not be said to be involved in carrying on any business, trade or commerce and Assessing Officer was directed to allow benefit of section 11 of the Act.  (AY. 2012-13)