https://www.taxtmi.com/caselaws?id=271691 A State-created development authority performing statutory planning, regulatory and environmental functions for a petroleum, chemical and petrochemical investment region was treated as pursuing an object of general public utility. Its development charges and allied fees were held incidental to those regulatory functions and not an activity in the nature of trade, commerce or business, so the proviso to section 2(15) did not apply. On that basis, the authority was held entitled to registration under section 12AA, and the refusal order was set aside. en-us Fri, 08 Jan 2016 00:00:00 +0530 Sat, 13 Feb 2016 10:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271691 A State-created development authority performing statutory planning, regulatory and environmental functions for a petroleum, chemical and petrochemical investment region was treated as pursuing an object of general public utility. Its development charges and allied fees were held incidental to those regulatory functions and not an activity in the nature of trade, commerce or business, so the proviso to section 2(15) did not apply. On that basis, the authority was held entitled to registration under section 12AA, and the refusal order was set aside. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271691