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2020 (10) TMI 720 - HC - Income TaxExemption u/s 11 - AO came to the conclusion that assessee was engaged in the Area Development and Town Planning and carrying out the activity of general public utility not carrying out any charitable activities and was squarely covered by proviso 1 & 2 to Section 2(15) r/w Section 13(8) - 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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