https://www.taxtmi.com/caselaws?id=297428 A statutory urban development authority engaged in preparing and implementing development plans, providing civic infrastructure and recovering prescribed charges was treated as pursuing an object of general public utility. Its receipts were applied to development works and public amenities, and the activity had already been recognised by the jurisdictional High Court and a coordinate Bench in its own case. On those facts, the activity was not regarded as trade, commerce or business, the proviso to section 2(15) did not apply, and the authority remained entitled to exemption under section 11. en-us Fri, 15 Nov 2019 00:00:00 +0530 Sat, 04 Sep 2021 08:28:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297428 A statutory urban development authority engaged in preparing and implementing development plans, providing civic infrastructure and recovering prescribed charges was treated as pursuing an object of general public utility. Its receipts were applied to development works and public amenities, and the activity had already been recognised by the jurisdictional High Court and a coordinate Bench in its own case. On those facts, the activity was not regarded as trade, commerce or business, the proviso to section 2(15) did not apply, and the authority remained entitled to exemption under section 11. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297428