Supreme Court · 2012 INSC 433 · Decided 27 September 2012
Commissioner of Income Tax-Ii v. M/S. Krishi Utpadan Mandi Samiti
- Court
- Supreme Court of India
- Citation
- 2012 INSC 433 · [2012] 8 S.C.R. 934
- Case number
- CIVIL APPEAL No. 7040/2012
- Decided
- 27 September 2012
- Bench
- S.H. KAPADIA, MADAN B. LOKUR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 11(1)(a), 2(15)
Headnote
8 S.C.R. 934 COMMISSIONER OF INCOME TAX-II v. M/S. KRISHI UTPADAN MANDI SAMIT! (Civil Appeal No. 7040 of 2012 etc.) SEPTEMBER 27, 2012 [S.H. KAPADIA, CJI., AND MADAN 8. LOKUR, J.] Income Tax Act, 1961: ss.11(1)(a) and 2(15) - Assessee-Market Committee established under State Krishi Utpadan of the funds 0 whether would constitute application of income for charitable purpose within meaning of s. 11 (1 )(a) - Held: The Adhiniyam was enacted for advancement of the object of general public utility in terms of s. 2(15) of 1961 Act - The transfer by the assessee would constitute
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