https://www.taxtmi.com/caselaws?id=330590 A statutory development authority constituted under a special State Act was treated as pursuing advancement of an object of general public utility because its dominant purpose was planned industrial-area development, infrastructure provision, and municipal-type services, with regulated funds and residual assets vesting in the State. Incidental land-development receipts and allied charges did not by themselves make the body commercial where surplus was to be used for statutory purposes. The registration process under section 12AA was also found defective because the authority focused on activity-wise documents instead of first assessing the institution's objects, statutory character, and genuineness of activities. Registration under section 12A was therefore directed to be granted. en-us Fri, 22 Jul 2016 00:00:00 +0530 Fri, 29 Jul 2016 13:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330590 A statutory development authority constituted under a special State Act was treated as pursuing advancement of an object of general public utility because its dominant purpose was planned industrial-area development, infrastructure provision, and municipal-type services, with regulated funds and residual assets vesting in the State. Incidental land-development receipts and allied charges did not by themselves make the body commercial where surplus was to be used for statutory purposes. The registration process under section 12AA was also found defective because the authority focused on activity-wise documents instead of first assessing the institution's objects, statutory character, and genuineness of activities. Registration under section 12A was therefore directed to be granted. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330590