https://www.taxtmi.com/caselaws?id=284775 A statutory urban development authority remained within "charitable purpose" under section 2(15) despite the proviso inserted from 1 April 2009 because its planned development functions served a public utility object, were governed by statute, and lacked a profit motive; charging fees or disposing of sites did not by itself make the activity commercial. Registration under section 12A could not be cancelled under section 12AA(3) merely because the activities were said to fall within the proviso, since cancellation is permitted only where activities are not genuine or are not carried out in accordance with the stated objects. The registration therefore could not be withdrawn on that ground. en-us Wed, 20 Feb 2019 00:00:00 +0530 Tue, 10 Dec 2019 15:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284775 A statutory urban development authority remained within "charitable purpose" under section 2(15) despite the proviso inserted from 1 April 2009 because its planned development functions served a public utility object, were governed by statute, and lacked a profit motive; charging fees or disposing of sites did not by itself make the activity commercial. Registration under section 12A could not be cancelled under section 12AA(3) merely because the activities were said to fall within the proviso, since cancellation is permitted only where activities are not genuine or are not carried out in accordance with the stated objects. The registration therefore could not be withdrawn on that ground. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284775