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2015 (4) TMI 1333 - HC - Income TaxExemption u/s 11 - charitable activity u/s 2(15) - applicability of proviso of section 2(15) - Registration u/s 12AA - denial of exemption on the ground of commercial transactions - HELD THAT:- It is agreed between the parties that the questions of law as raised in these appeals stand decided in favour of the development authority in the case of CIT v Lucknow Development Authority [2013 (9) TMI 570 - ALLAHABAD HIGH COURT] as well as in connected matters as per the judgment. We have also been informed that the Income Tax Appellate Tribunal in the case of assessee himself [2015 (2) TMI 287 - ITAT DELHI] has followed the law laid down in the case of CIT v Lucknow Development Authority (Supra) and has restored the registration granted to the assessee under Section 12- AA of the Income Tax Act. Appeals are dismissed as infructuous.
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