https://www.taxtmi.com/caselaws?id=235425 The High Court upheld the Tribunal's decision to grant registration to a State Urban Development Agency (SUDA) as a charitable institution under Section 12A of the Income Tax Act. The Court emphasized the SUDA's engagement in public utility services, highlighting that accounting discrepancies were curable and did not warrant registration cancellation. It clarified the wide interpretation of "public utility" under Section 2(15) and the evolving definition of "charitable purposes," noting that as long as the primary objective serves public utility, even if some profit is involved, the institution can be deemed charitable. The Court dismissed the Department's appeal, affirming the SUDA's registration for general public utility. en-us Fri, 19 Jul 2013 00:00:00 +0530 Tue, 23 Jul 2013 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235425 The High Court upheld the Tribunal's decision to grant registration to a State Urban Development Agency (SUDA) as a charitable institution under Section 12A of the Income Tax Act. The Court emphasized the SUDA's engagement in public utility services, highlighting that accounting discrepancies were curable and did not warrant registration cancellation. It clarified the wide interpretation of "public utility" under Section 2(15) and the evolving definition of "charitable purposes," noting that as long as the primary objective serves public utility, even if some profit is involved, the institution can be deemed charitable. The Court dismissed the Department's appeal, affirming the SUDA's registration for general public utility. Case-Laws Income Tax Fri, 19 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235425