Hegde: profit may need not be the purpose of the... ... 'Industry' Definition Reference : Live Updates From Supreme Court 9-Judge Bench [Day 2]

Hegde: profit may need not be the purpose of the activity, the activity is still must bear an analogy to trade and business in character

CJI: suppose this state establishes an industrial unit with a clear declaration to generate employment and not to earn profit, it may not be an industrial unit earning profit but it is still industry