https://www.taxtmi.com/caselaws?id=218876 A statutory body performing standardisation, marking and quality certification was treated as advancing an object of general public utility because its functions were public-oriented, regulatory and aimed at consumer protection. Receipt of licence fees and certification charges did not change that character, as the revenue was incidental to the statutory mandate. The proviso to section 2(15) was held inapplicable because the activities were not commercial trade, commerce or business, nor services in relation thereto. On that basis, withdrawal of exemption under section 10(23C)(iv) was unjustified and the exemption was continued under the statutory scheme. en-us Thu, 27 Sep 2012 00:00:00 +0530 Mon, 11 May 2026 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218876 A statutory body performing standardisation, marking and quality certification was treated as advancing an object of general public utility because its functions were public-oriented, regulatory and aimed at consumer protection. Receipt of licence fees and certification charges did not change that character, as the revenue was incidental to the statutory mandate. The proviso to section 2(15) was held inapplicable because the activities were not commercial trade, commerce or business, nor services in relation thereto. On that basis, withdrawal of exemption under section 10(23C)(iv) was unjustified and the exemption was continued under the statutory scheme. Case-Laws Income Tax Thu, 27 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218876