https://www.taxtmi.com/caselaws?id=2489 A statutory board created for development and maintenance of minor ports was held to fall within "charitable purpose" because its predominant object was public utility, not private gain. The Court applied the settled test under Section 2(15) of the Income-tax Act, 1961 that ancillary revenue-earning activity does not defeat charity where income is legally obliged to be applied to the statutory object. Since the Board had no profit motive and its revenues had to be credited to and used from a statutory fund for port development, it was entitled to registration and exemption under Sections 12A and 11. The civil appeal was dismissed. en-us Wed, 05 Dec 2007 00:00:00 +0530 Thu, 15 May 2025 14:24:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2489 A statutory board created for development and maintenance of minor ports was held to fall within "charitable purpose" because its predominant object was public utility, not private gain. The Court applied the settled test under Section 2(15) of the Income-tax Act, 1961 that ancillary revenue-earning activity does not defeat charity where income is legally obliged to be applied to the statutory object. Since the Board had no profit motive and its revenues had to be credited to and used from a statutory fund for port development, it was entitled to registration and exemption under Sections 12A and 11. The civil appeal was dismissed. Case-Laws Income Tax Wed, 05 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2489