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Case lawHigh Court › Institute of Chartered Accountants of India v DGIT (Exemptions)
High CourtHelps taxpayerValidity unconfirmeds.2(15)s.10(23C)(iv)s.11s.13

Institute of Chartered Accountants of India v DGIT (Exemptions)

My institution is a statutory regulator that charges fees for coaching and placement and ends up with a surplus — does that make it a trade or business under the proviso to section 2(15)?

My institution is a statutory regulator that charges fees for coaching and placement and ends up with a surplus — does that make it a trade or business under the proviso to section 2(15)?

No. The Delhi High Court held that a body incorporated to regulate a profession, which imparts education and training as part of that statutory function, is not carrying on trade, commerce or business merely because it charges fees and generates a surplus. Coaching classes and campus placement interviews were held to be activities in furtherance of the Institute's main object, so they are neither business nor services rendered in relation to any trade, commerce or business. The orders refusing exemption were set aside and the Director General was directed to recognise the Institute under section 10(23C)(iv) for assessment years 2006-07 to 2011-12.

Decided by the High Court (High Court of Delhi — Badar Durrez Ahmed, Acting Chief Justice, and Vibhu Bakhru J (judgment by Vibhu Bakhru J)) on 2013-07-04, reported as W.P.(C) Nos. 3147/2012, 3148/2012 and 7181/2012 (Delhi High Court). It bears on section 2(15), section 10(23C)(iv), section 11, section 13 of the Income Tax Act 1961, in Charitable Trusts & Exemption and Capital Gains Exemptions matters.

Validity check could not be completed. The judgment itself records that a special leave petition against the earlier Division Bench decision in the Institute's own case, reported at 347 ITR 86, was pending as at July 2013; what became of it was not checked. The Supreme Court has since considered the scope of the proviso to section 2(15) in relation to regulators and statutory bodies, and whether that decision preserves or modifies this reasoning was not examined. No later authority was read, and the source page records no citing decisions.

Why it matters

This is the leading case on regulators and the proviso to section 2(15), and it settles two things for any statutory or professional body. First, activities carried on to discharge a function Parliament has assigned are not converted into business by the charging of a fee — the Court adopted the reasoning of Bureau of Indian Standards, which refused to read 'rendering any service in relation to trade, commerce or business' widely enough to catch regulatory and sovereign authorities acting as agencies of the State. Second, dominant object and profit motive remain the tests, and the absence of a profit motive, while not conclusive, indicates that no business is being carried on. It also shows how to use the accounts: the Institute demonstrated that salaries and depreciation exceeded the coaching surplus and that study material and library facilities came at no material extra cost.

Binding within that High Court's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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