Regulatory function performed by BIS is not a business activity

HIGH COURT OF DELHI Bureau of Indian Standards Versus Director General of Income-tax (Exemptions) W.P. (C) No. 1755 of 2012 SEPTEMBER 27, 2012 JUDGMENT S. Ravindra Bhat, J.   This judgment will dispose of a proceeding under Article 226 of the Constitution, whereby the writ petitioner, Bureau of Indian Standards (hereafter “BIS”) challenges the order dated 24.2.2012 passed by the respondent by which the exemption granted to it under section 10(23C)(iv) of the Income Tax Act, 1961 (“the Act”, in short) was withdrawn. BIS is a statutory body established u...