https://www.taxtmi.com/caselaws?id=193370 A statutory urban development authority engaged in planned urban development, infrastructure provision and civic amenities was held not to be carrying on trade, commerce or business merely because it sold a limited extent of land and levied regulatory fees. The statutory framework, public utility character of the functions, absence of a profit-making object and use of receipts for development expenditure meant the proviso to section 2(15) of the Income-tax Act, 1961 did not apply. As the activities remained for advancement of an object of general public utility, exemption under section 11 was available and charitable status was not denied. en-us Tue, 02 May 2017 00:00:00 +0530 Tue, 22 Jul 2025 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193370 A statutory urban development authority engaged in planned urban development, infrastructure provision and civic amenities was held not to be carrying on trade, commerce or business merely because it sold a limited extent of land and levied regulatory fees. The statutory framework, public utility character of the functions, absence of a profit-making object and use of receipts for development expenditure meant the proviso to section 2(15) of the Income-tax Act, 1961 did not apply. As the activities remained for advancement of an object of general public utility, exemption under section 11 was available and charitable status was not denied. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193370