TMI Blog2008 (10) TMI 80X X X X Extracts X X X X X X X X Extracts X X X X ..... s 12A(b)(ii), which was declined – held that, since, assessee is carrying on activities of general welfare covered by the expression “any other object of general public utility” in Section 2(15), assessee is entitled to registration - 489 of 2007 - - - Dated:- 31-10-2008 - ADARSH KUMAR GOEL and L.N. MITTAL JJ. Rajesh Sethi, Vivek Sethi, Ms. Savita Saxena, Yogesh Putney, Ms. Urvashi Dhugga, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not of charitable nature and that the income of the assessee is not the income as described in the Sections 11 and 12 of the Income Tax Act, 1961?" 2. The respondent is an Improvement Trust constituted under the provisions of the Punjab Town Improvement Trust Act, 1922. The principal object of the Trust is to bring about improvement in the town by providing streets, housing facilities or maki ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... street schemes, development and expansion scheme, housing accommodation schemes and rehousing scheme. The activities of the assessee trust are also in consonance with these statutory schemes. It is evident from this that the object of the assessee trust is to provide benefit to the public with its local limits, rather than to itself. This apart, it is on record, that the same learned CIT as who h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld that the said expression includes all objects which promote welfare of general public. Gujarat Maritime Board, for development of minor ports in the State of Gujarat, was held to be charitable institution. 5. Learned counsel for the assessee has also drawn our attention to a Division Bench judgment of this Court in the case of "Commissioner of Income Tax v. Market Committee [2007] 294 I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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