https://www.taxtmi.com/caselaws?id=388395 Running public bus services may fall within the object of general public utility where the service is available to the public at large and not confined to a select class. The proviso to section 2(15) depends on whether the activity amounts to trade, commerce or business with a dominant profit motive; mere fare collection or receipt thresholds are not by themselves decisive. Because the lower authorities had not clearly examined the corporation's dominant and primary object or the true character of its transport activity, the matter was remitted for fresh reconsideration on whether the activity remained a public utility function with only incidental revenue generation. en-us Mon, 14 Oct 2019 00:00:00 +0530 Thu, 14 Nov 2019 18:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388395 Running public bus services may fall within the object of general public utility where the service is available to the public at large and not confined to a select class. The proviso to section 2(15) depends on whether the activity amounts to trade, commerce or business with a dominant profit motive; mere fare collection or receipt thresholds are not by themselves decisive. Because the lower authorities had not clearly examined the corporation's dominant and primary object or the true character of its transport activity, the matter was remitted for fresh reconsideration on whether the activity remained a public utility function with only incidental revenue generation. Case-Laws Income Tax Mon, 14 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388395