High Court Rules AUDA's Activities as Public Utility Services, Eligible for Tax Exemption u/s 11 of Income Tax Act.

Exemption u/s 11 - Activities in the nature of trade, commerce or business or not - the proviso to Section 2(15) of the Act shall not be applicable so far as assessee-AUDA is concerned and as the activities of the assessee can be said to be providing general public utility services, the assessee is entitled to exemption under Section 11 - HC .....

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