https://www.taxtmi.com/caselaws?id=423818 The High Court held that the appellant's activities, primarily involving the development of housing and related infrastructure, did not constitute trade, commerce, or business but rather served public utility without a profit motive. The court affirmed that the appellant qualified for exemption under Section 11 as its activities were genuinely charitable, focusing on public welfare and infrastructure development. The court emphasized that incidental profits did not negate the charitable nature of the activities, which aligned with the definition of "charitable purpose" post-amendment by the Finance Act, 2008. The cancellation of registration under Section 12AA was deemed invalid as the appellant continued to fulfill its statutory mandate. en-us Wed, 08 Jun 2022 00:00:00 +0530 Thu, 16 Jun 2022 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423818 The High Court held that the appellant's activities, primarily involving the development of housing and related infrastructure, did not constitute trade, commerce, or business but rather served public utility without a profit motive. The court affirmed that the appellant qualified for exemption under Section 11 as its activities were genuinely charitable, focusing on public welfare and infrastructure development. The court emphasized that incidental profits did not negate the charitable nature of the activities, which aligned with the definition of "charitable purpose" post-amendment by the Finance Act, 2008. The cancellation of registration under Section 12AA was deemed invalid as the appellant continued to fulfill its statutory mandate. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423818