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2017 (7) TMI 1388 - HC - Income TaxExemption u/s 11 denied - Applicability of amended provisions of section 2(15) - ITAT holding that in this case proviso to section 2 (15) is not applicable because assessee authority is not carrying out activity with any profit motive but the predominant object is welfare of people at large - whether Tribunal was justified in restoring the registration u/s 12AA to the assessee by holding that the assessee authority has been cheated with the object of general public utility within the meaning of Section 2 (15) of the Income Tax Act ? - HELD THAT:- Issue raised in this appeal is squarely covered by this Court’s judgment in M/s Yamuna Expressway Industrial Development Authority [2017 (4) TMI 1154 - ALLAHABAD HIGH COURT] and other two connected appeals decided on 21.04.2017[2017 (4) TMI 1154 - ALLAHABAD HIGH COURT] - Decided against Revenue.
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