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2021 (1) TMI 1043 - HC - Income TaxExemption u/s 11 - activities of the assessee in the nature of commerce / trade or not? - Tribunal justified considering the activity of the assessee as engaged in the development of urban area which is in the nature of advancement of general public utility not hit by the newly introduced first and second proviso to section 2(15) of the Act without considering the merit of the issue? - HELD THAT:- The questions of law, as proposed by the Revenue are no longer res-intigra in view of the decision of this Court in case of Ahmedabad Urban Development Authority Vs. ACIT [2017 (5) TMI 1468 - GUJARAT HIGH COURT] all the questions of law as proposed stand squarely covered by the decision of this Court in case of AUDA (supra).
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