https://www.taxtmi.com/caselaws?id=192025 Statutory development authorities engaged in development and municipal-type functions were treated as advancing an object of general public utility, so their predominant activities remained charitable despite surplus, development income, and incidental commercial receipts. The Tribunal noted that self-sustaining receipts, sale of developed property, and fees did not by themselves establish a profit motive where the governing legislation, objects, and public utility functions remained dominant. On that basis, the authorities were held entitled to registration under section 12AA, and refusal of registration was set aside. en-us Thu, 19 May 2016 00:00:00 +0530 Tue, 09 May 2017 20:26:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192025 Statutory development authorities engaged in development and municipal-type functions were treated as advancing an object of general public utility, so their predominant activities remained charitable despite surplus, development income, and incidental commercial receipts. The Tribunal noted that self-sustaining receipts, sale of developed property, and fees did not by themselves establish a profit motive where the governing legislation, objects, and public utility functions remained dominant. On that basis, the authorities were held entitled to registration under section 12AA, and refusal of registration was set aside. Case-Laws Income Tax Thu, 19 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192025