https://www.taxtmi.com/caselaws?id=247474 A major port trust was treated as advancing an object of general public utility because its statutory functions under the Major Port Trusts Act, 1963 were directed to creation, maintenance and administration of port facilities under governmental control, with income applied to statutory purposes and no dominant profit motive. On that basis, the trust was regarded as eligible for registration under section 12A, even though it generated charges and operated on business-like lines incidentally. Withdrawal of exemption under section 10(20) did not bar registration, because sections 10(20) and 11 operate in different fields and exemption under section 11 is examined separately at assessment. en-us Wed, 23 Apr 2014 00:00:00 +0530 Sat, 21 Feb 2015 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247474 A major port trust was treated as advancing an object of general public utility because its statutory functions under the Major Port Trusts Act, 1963 were directed to creation, maintenance and administration of port facilities under governmental control, with income applied to statutory purposes and no dominant profit motive. On that basis, the trust was regarded as eligible for registration under section 12A, even though it generated charges and operated on business-like lines incidentally. Withdrawal of exemption under section 10(20) did not bar registration, because sections 10(20) and 11 operate in different fields and exemption under section 11 is examined separately at assessment. Case-Laws Income Tax Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247474