https://www.taxtmi.com/caselaws?id=219957 Approval under section 10(23C)(iv) of the Income-tax Act, 1961 is available only to institutions established for charitable purposes within section 2(15). Although advancement of an object of general public utility is covered in principle, the proviso excludes activities involving trade, commerce or business, or services rendered in relation to such activity for consideration. The petitioner's seed certification function, though performed under the Seeds Act, 1966, was found to facilitate the sale and marketing of certified seeds by clients and agents, bringing it within the proviso exclusion. Approval was therefore refused and the prescribed authority's rejection was upheld. en-us Mon, 17 Dec 2012 00:00:00 +0530 Fri, 25 Oct 2013 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219957 Approval under section 10(23C)(iv) of the Income-tax Act, 1961 is available only to institutions established for charitable purposes within section 2(15). Although advancement of an object of general public utility is covered in principle, the proviso excludes activities involving trade, commerce or business, or services rendered in relation to such activity for consideration. The petitioner's seed certification function, though performed under the Seeds Act, 1966, was found to facilitate the sale and marketing of certified seeds by clients and agents, bringing it within the proviso exclusion. Approval was therefore refused and the prescribed authority's rejection was upheld. Case-Laws Income Tax Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219957