https://www.taxtmi.com/caselaws?id=471055 Land development, sale and rental activities undertaken by a statutory development authority as part of implementing development plans, town planning schemes and planned urban development remain incidental to its public-development objects. The proviso to Section 2(15), and consequently Section 13(8), applies only where such activities are in the nature of trade, commerce or business. In the absence of material showing that the authority operated solely on commercial lines, pursued profit as its real object or departed from its statutory objects, the proviso does not apply. The authority consequently remains eligible for exemption under Section 11. en-us Mon, 16 Apr 2018 00:00:00 +0530 Wed, 19 Aug 2026 14:45:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471055 Land development, sale and rental activities undertaken by a statutory development authority as part of implementing development plans, town planning schemes and planned urban development remain incidental to its public-development objects. The proviso to Section 2(15), and consequently Section 13(8), applies only where such activities are in the nature of trade, commerce or business. In the absence of material showing that the authority operated solely on commercial lines, pursued profit as its real object or departed from its statutory objects, the proviso does not apply. The authority consequently remains eligible for exemption under Section 11. Case-Laws Income Tax Mon, 16 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471055