https://www.taxtmi.com/caselaws?id=797864 Statutory housing boards performing housing-development functions can pursue objects of general public utility and remain eligible for tax exemptions under Sections 11 and 12. Recovery of charges for public statutory functions does not by itself make the activity commercial; its character depends on the statutory objects, functions, regulatory controls, nature of receipts, and whether charges substantially exceed costs with only a nominal mark-up. Section 2(15), read with Section 13(8), therefore does not deny charitable-exemption benefits where housing activities continue to serve public functions. en-us Thu, 20 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797864 Statutory housing boards performing housing-development functions can pursue objects of general public utility and remain eligible for tax exemptions under Sections 11 and 12. Recovery of charges for public statutory functions does not by itself make the activity commercial; its character depends on the statutory objects, functions, regulatory controls, nature of receipts, and whether charges substantially exceed costs with only a nominal mark-up. Section 2(15), read with Section 13(8), therefore does not deny charitable-exemption benefits where housing activities continue to serve public functions. Case-Laws Income Tax Thu, 20 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797864