Land Development Authority discharging statutory function isn’t an activity in nature of trade or commerce: Agra ITAT

INCOME TAX : Where assessee Jhansi Development Authority was an extended arm of the UP State and discharging its statutory functions under the authority of the UP Act under which it was created; it couldn't be said that assessee was engaged in commercial activities by virtue of Section 2(15) of the Income-tax Act, 1961

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197765/land-development-authority-discharging-statutory-function-isn’t-an-activity-in-nature-of-trade-or-commerce-agra-itat.aspx