https://www.taxtmi.com/caselaws?id=39700 An institution constituted under the Road Transport Corporations Act, 1950 for public transport service and related public benefits was treated as pursuing an object of general public utility. For the 1922 Act, its activities fell within "advancement of any other object of general public utility," so exemption was available. For the 1961 Act, section 2(15) was read as an inclusive charitable definition, and the phrase excluding activities involving profit did not deny exemption where the dominant purpose remained public utility, even if ancillary business-like operations produced surplus. The income was therefore held exempt under both enactments. en-us Fri, 03 Dec 1971 00:00:00 +0530 Mon, 19 Apr 2010 17:08:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39700 An institution constituted under the Road Transport Corporations Act, 1950 for public transport service and related public benefits was treated as pursuing an object of general public utility. For the 1922 Act, its activities fell within "advancement of any other object of general public utility," so exemption was available. For the 1961 Act, section 2(15) was read as an inclusive charitable definition, and the phrase excluding activities involving profit did not deny exemption where the dominant purpose remained public utility, even if ancillary business-like operations produced surplus. The income was therefore held exempt under both enactments. Case-Laws Income Tax Fri, 03 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39700