https://www.taxtmi.com/caselaws?id=467592 A statutory development authority registered under Section 12AA was treated as carrying on charitable ies within "advancement of any other object of general public utility" and was therefore entitled to exemption under Section 11. The proviso to Section 2(15) did not apply because the record did not show that its land development, infrastructure work, auctions or incidental surplus were conducted as trade, commerce or business, or that profit-making was its dominant object. Incidental receipts and surplus were not treated as destroying charitable character where they arose in furtherance of statutory public-development functions. en-us Mon, 03 Jan 2022 00:00:00 +0530 Thu, 26 Mar 2026 10:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467592 A statutory development authority registered under Section 12AA was treated as carrying on charitable ies within "advancement of any other object of general public utility" and was therefore entitled to exemption under Section 11. The proviso to Section 2(15) did not apply because the record did not show that its land development, infrastructure work, auctions or incidental surplus were conducted as trade, commerce or business, or that profit-making was its dominant object. Incidental receipts and surplus were not treated as destroying charitable character where they arose in furtherance of statutory public-development functions. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467592