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COMMISSIONER OF INCOME-TAX versus ANDHRA PRADESH STATE ROAD TRANSPORT CORPORATION

Section 4 (3) (0 Exemption Charity Purpose), a road transport corporation established under provincial law that offers benefits to the public, trade and industries through road transport and a Public Utility Services Corporation, which adheres to provincial law and business principles under its entire capital.The government and the corporation paid interest on which the profits earned by the corporation to provide more facilities to the passengers and employees of the corporation. Was used, and the rest, if any, paid to the government for road development Which was itself a part of the general public utility, the money given to the government was also used for the purpose of the general public utility and the corporation was established for charitable purposes which enabled the corporation to operate on business principles. Was established and its activities generate profits, it will not lose its role as a charity. Therefore, corporation was exempt from income tax under section 4 (3) (I). immigration advocates from Upper Dir lawyer