https://www.taxtmi.com/caselaws?id=180953 A statutory warehousing corporation constituted to store, transport, purchase, sell and distribute agricultural produce was treated as advancing an object of general public utility under section 2(15) of the Income-tax Act, 1961. Its deemed corporate status, power to hold and dispose of property, and ability to declare dividend did not alter its dominant charitable character, because those features were incidental to its statutory objects. The High Court therefore upheld entitlement to registration under section 12AA and rejected the Revenue's objection that commercial attributes defeated charitable status. en-us Mon, 30 Aug 2010 00:00:00 +0530 Tue, 05 Apr 2016 10:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180953 A statutory warehousing corporation constituted to store, transport, purchase, sell and distribute agricultural produce was treated as advancing an object of general public utility under section 2(15) of the Income-tax Act, 1961. Its deemed corporate status, power to hold and dispose of property, and ability to declare dividend did not alter its dominant charitable character, because those features were incidental to its statutory objects. The High Court therefore upheld entitlement to registration under section 12AA and rejected the Revenue's objection that commercial attributes defeated charitable status. Case-Laws Income Tax Mon, 30 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180953