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2020 (10) TMI 566 - GUJARAT HIGH COURTExemption u/s 11 - Charitable activity u/s 2(15) - AO came to the conclusion that income of the assessee is business income since such receipts were in the nature of trade or commerce and it exceeds ₹ 25 lakh - HELD THAT:- Functions of the respondent assessee are for charitable purposes and for general public utility and therefore, the respondent assessee is entitled to exemption under Section 11 of the Act. Following the judgment of this Court in the case of Ahmedabad Urban Development Authority [2017 (5) TMI 1468 - GUJARAT HIGH COURT]present appeal fails and is hereby dismissed. Substantial questions of law as framed are answered in favour of the assessee
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