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2022 (1) TMI 79 - AT - Income TaxEntitlement of exemption u/s 11 & 12 - Poof of charitable purposes u/s 2(15) - assessee is a regulatory body created by State Government u/s 22 of Gujarat Town Planning and Urban Development Act (GTPUDA), 1976 for proper development of specified area in the state as ensured by the State Government - HELD THAT:- The assessee's case is squarely covered by the order passed in own case [2020 (4) TMI 755 - ITAT AHMEDABAD] and [2021 (1) TMI 1043 - GUJARAT HIGH COURT] in holding the activities of the assessee for charitable purposes under Section 2(15) of the Act and the consequential benefits under Section 11 & 12 of the Act. We find no reason to deviate from the stand taken - Hence, respectfully relying upon the same we hold, that the assessee is entitled to the benefit of the claim under Section 11 & 12 of the Act for the year under consideration and hence the order passed by the Ld. CIT(A) in favour of the assessee as impugned before us is according to us just and proper so as to warrant interference and the same is, thus, hereby confirmed. The appeal preferred by the Revenue is found to be devoid of any merit and, therefore, dismissed.
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