https://www.taxtmi.com/caselaws?id=396603 A statutory body constituted for development and maintenance of minor ports retained charitable character because its receipts were charges or fees incidental to its public utility mandate and were applied for port development, not private profit. On that reasoning, the proviso to section 2(15) did not apply, the exemption under sections 11 and 12 remained available, and section 13(8) did not deny the benefit on the facts. The commentary also notes that the denial of charitable exemption was set aside, although a separately raised additional ground was not accepted. en-us Mon, 01 Jun 2020 00:00:00 +0530 Fri, 08 Nov 2024 11:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396603 A statutory body constituted for development and maintenance of minor ports retained charitable character because its receipts were charges or fees incidental to its public utility mandate and were applied for port development, not private profit. On that reasoning, the proviso to section 2(15) did not apply, the exemption under sections 11 and 12 remained available, and section 13(8) did not deny the benefit on the facts. The commentary also notes that the denial of charitable exemption was set aside, although a separately raised additional ground was not accepted. Case-Laws Income Tax Mon, 01 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396603