https://www.taxtmi.com/caselaws?id=797217 Statutory housing activities providing accommodation, particularly to lower-income and weaker sections, fall within advancement of an object of general public utility. Charging consideration for residential units, plots and allied activities does not by itself amount to trade, commerce or business under the proviso to section 2(15). The decisive inquiry is whether charges substantially exceed cost, administrative expenses and a nominal mark-up for reasonable growth, indicating a profit motive. Section 11(4A) applies consistently to incidental business activity. Exemption under section 11 depends on verification of the pricing structure and remains available where no profit element is established. en-us Tue, 17 Feb 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797217 Statutory housing activities providing accommodation, particularly to lower-income and weaker sections, fall within advancement of an object of general public utility. Charging consideration for residential units, plots and allied activities does not by itself amount to trade, commerce or business under the proviso to section 2(15). The decisive inquiry is whether charges substantially exceed cost, administrative expenses and a nominal mark-up for reasonable growth, indicating a profit motive. Section 11(4A) applies consistently to incidental business activity. Exemption under section 11 depends on verification of the pricing structure and remains available where no profit element is established. Case-Laws Income Tax Tue, 17 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797217