2019 (11) TMI 1716 - SCH - Income Tax

Grant of exemption notification u/s 10(46) - Scope of definition the word commercial activity - distinguish commercial activity which constitutes disqualification under clause (b) to Section 10(46) and charging and payment of fee, service charges, reimbursement of costs or consideration for transfer of rights for performing and undertaking regulatory or administrative duties for general public interest, when these are not guided and undertaken with profit motive or intent - as per HC petitioner s activities, it is held, are not commercial activity within the meaning of clause (b) to Section 10(46) of the Act. Directions are issued to the respondents to accordingly issue the necessary notification under the aforesaid Section in respect of the specified income - HELD THAT - SLP Dismissed.