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2020 (2) TMI 1359 - HC - Income TaxExemption u/s 11 & 12 - As per revenue assessee is involved in widespread commercial activities in nature of business and the activity of the assessee is covered under the provisions of section 2(15) and thus exemption u/s.11 & 12 of the Act is not allowable to the assessee - ITAT allowed exemption - HELD THAT:- Questions of law, as proposed by the Revenue, are squarely covered by a decision of this Court in the case of Ahmedabad Urban Development Authority vs. ACIT (Exemption), 2017 [2017 (5) TMI 1468 - GUJARAT HIGH COURT] - none of the questions of law, as proposed by the Revenue, are res integra.
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