https://www.taxtmi.com/caselaws?id=209464 An agricultural market committee constituted as a body corporate is a "person" under the Income-tax Act. Withdrawal of exemption under section 10(20) and deletion of section 10(29) do not bar such a committee from seeking registration under sections 12A/12AA, because the exemption regime for charitable institutions operates separately. The committee's statutory functions of regulating markets, protecting producers, providing infrastructure and ensuring fair prices were held to serve an object of general public utility, so its activities constitute a charitable purpose. Apprehended non-compliance with section 11(5) cannot justify refusal of registration at the threshold stage, where the authority must examine the genuineness of the institution and its objects. en-us Tue, 01 Mar 2011 00:00:00 +0530 Fri, 19 Jul 2013 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209464 An agricultural market committee constituted as a body corporate is a "person" under the Income-tax Act. Withdrawal of exemption under section 10(20) and deletion of section 10(29) do not bar such a committee from seeking registration under sections 12A/12AA, because the exemption regime for charitable institutions operates separately. The committee's statutory functions of regulating markets, protecting producers, providing infrastructure and ensuring fair prices were held to serve an object of general public utility, so its activities constitute a charitable purpose. Apprehended non-compliance with section 11(5) cannot justify refusal of registration at the threshold stage, where the authority must examine the genuineness of the institution and its objects. Case-Laws Income Tax Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209464