https://www.taxtmi.com/caselaws?id=356524 Section 10(46) exempts specified income of a public authority unless it is engaged in commercial activity. The Delhi High Court construed "commercial activity" narrowly and held that fees, rent, consideration or sale proceeds collected while performing statutory regulatory and developmental functions do not by themselves amount to commercial activity. The relevant test is whether the receipts arise from activities intrinsically connected with the authority's statutory mandate and whether those activities are carried on on commercial lines with a profit motive. Functions such as planned development, provision of amenities, land acquisition and transfer, and use of receipts for public developmental purposes were treated as regulatory and administrative, not as an independent commercial enterprise. en-us Mon, 26 Feb 2018 00:00:00 +0530 Mon, 27 Aug 2018 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356524 Section 10(46) exempts specified income of a public authority unless it is engaged in commercial activity. The Delhi High Court construed "commercial activity" narrowly and held that fees, rent, consideration or sale proceeds collected while performing statutory regulatory and developmental functions do not by themselves amount to commercial activity. The relevant test is whether the receipts arise from activities intrinsically connected with the authority's statutory mandate and whether those activities are carried on on commercial lines with a profit motive. Functions such as planned development, provision of amenities, land acquisition and transfer, and use of receipts for public developmental purposes were treated as regulatory and administrative, not as an independent commercial enterprise. Case-Laws Income Tax Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356524