https://www.taxtmi.com/caselaws?id=372696 Delay in seeking registration under the Income-tax Act was condoned because the application was made after withdrawal of the earlier exemption, and the explanation was accepted as satisfactory in light of the change in law and comparable treatment of similar port trusts. The major port authority was held to pursue an object of general public utility: its statutory functions under the Major Port Trusts Act were directed to facilitating trade and public movement of goods, while receipts from services, leases, and allied activities were only incidental. The institution therefore retained its charitable character and qualified for exemption under the Income-tax Act. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 07 Mar 2019 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372696 Delay in seeking registration under the Income-tax Act was condoned because the application was made after withdrawal of the earlier exemption, and the explanation was accepted as satisfactory in light of the change in law and comparable treatment of similar port trusts. The major port authority was held to pursue an object of general public utility: its statutory functions under the Major Port Trusts Act were directed to facilitating trade and public movement of goods, while receipts from services, leases, and allied activities were only incidental. The institution therefore retained its charitable character and qualified for exemption under the Income-tax Act. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372696