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2016 (2) TMI 396 - AT - Income TaxEntitlement to registration u/s 12AA - Held that:- The assessee neither or nor involved directly rendering any service relating to trade, commerce or business. The activity undertaken by the authority comes within the object of the general public utility but, it cannot be concluded that it involves the carrying on of any activity in the nature of trade, commerce or business. Unless the activity undertaken by the assessee comes within the ambit of trade, commerce or business, the proviso to section 2(15) of the Act would not get attracted. The assessee is created by the sovereign authority i.e. State of Andhra Pradesh for the purpose of development, orderly growth of industries and environmental upgradation by controlling through the assessee various aspects such as utilization of land, water and pollution relating to Petroleum, Chemical and Petrochemical Industry. Therefore, in our opinion, the assessee is entitled for registration u/s 12AA of the Act. - Decided in favour of assessee.
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