The Tribunal on further appeal at the instance of the Revenue did not agree with the procedure adopted by the Appellate Assistant Commissioner and taking the view that the Appellate Assistant Commissioner should not have set aside the order of assessment and made an order of remand for making a fresh assessment but instead, if he wanted any further facts, he should have called for a remand report from the Income tax officer and then disposed of the appeal by deciding whether the assessee was entitled to exemption from tax under section 11 sub section (1), the Tribunal directed the Appellate Assistant Commissioner to submit a remand report on the question "whether the objects for which the assessee company has been established are for charitable purposes within the meaning of section 2(15) and whether it satisfies the other conditions laid down under section 11." The Appellate Assistant Commissioner in his remand report found in favour of the assessee on both the points referred to him and after considering the remand report, the Tribunal confirmed the view taken by the Appellate Assistant Commissioner that the primary purpose for which the assessee was established was to promote commerce and trade in Art Silk and Silk Yarn and Cloth as set out in sub clause (a) of Clause (3) of the Memorandum of Association and the other subjects set out in sub clause (b) to (e) of clause (3) were merely subsidiary objects and since the primary purpose was plainly advancement of an object of general public utility, the first part of the requirement for falling within the last head of "charitable purpose" in sec.