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2023 (8) TMI 227 - HC - Income TaxExemption u/s 11 - scope of amended Section 2(15) - AO found that assessee is charging fees from customers and has obtained Intellectual Property Rights (IPR) from Belgium and transferring through license agreement use of such IPR and un-specie - HELD THAT:- ITAT allowed the benefit of exemption on ground that, GS1 India is in fact, involved in advancement of general public utility, its services are for the benefit of trade and business, from which they receive significantly high receipts. In view of the Judgement of the Apex Court in the matter of Ahmedabad Urban Development Authority [2022 (10) TMI 948 - SUPREME COURT], the impugned order passed by the Tribunal is set aside.
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