https://www.taxtmi.com/caselaws?id=470467 Charitable-purpose status of a statutory urban development authority remains intact where its planned development, housing, infrastructure and public-amenity functions serve public purposes; receipts or surplus alone do not make those activities commercial under the proviso to Section 2(15), preserving exemption under Sections 11 and 12. Amounts earmarked for Infrastructure and FAR Funds under State Government directions are not taxable income where the authority acts only as a nodal agency without beneficial control and must deploy them for specified purposes. Contributions to AwasBandhu qualify as charitable application of income once the authority is eligible for exemption. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470467 Charitable-purpose status of a statutory urban development authority remains intact where its planned development, housing, infrastructure and public-amenity functions serve public purposes; receipts or surplus alone do not make those activities commercial under the proviso to Section 2(15), preserving exemption under Sections 11 and 12. Amounts earmarked for Infrastructure and FAR Funds under State Government directions are not taxable income where the authority acts only as a nodal agency without beneficial control and must deploy them for specified purposes. Contributions to AwasBandhu qualify as charitable application of income once the authority is eligible for exemption. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470467