https://www.taxtmi.com/caselaws?id=399746 A statutory urban development authority performing development and town-planning functions under State control remains within public utility activity where fees, cess, grants, and limited land sales are statutorily earmarked for infrastructure and amenities. Incidental surplus or receipts do not by themselves convert the authority's mandate into trade, commerce, or business; the proviso to section 2(15) applies only if the predominant activity is commercial, so exemption under section 11 is not denied on these facts. en-us Tue, 22 Sep 2020 00:00:00 +0530 Sat, 17 Oct 2020 18:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399746 A statutory urban development authority performing development and town-planning functions under State control remains within public utility activity where fees, cess, grants, and limited land sales are statutorily earmarked for infrastructure and amenities. Incidental surplus or receipts do not by themselves convert the authority's mandate into trade, commerce, or business; the proviso to section 2(15) applies only if the predominant activity is commercial, so exemption under section 11 is not denied on these facts. Case-Laws Income Tax Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399746