2020 (2) TMI 1359

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..... e 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. - R/TAX APPEAL NO. 79 of 2020 - - - Dated:- .....

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..... ad commercial activities in nature of business and the activity of the assessee is covered under the provisions of section 2(15) of the Act and thus exemption u/s.11 12 of the Act is not allowable to the assessee? (B) Whether on the facts and in the circumstances of the case and in law, the Hon'ble Tribunal is justified in allowing benefit of section 11 of the Act relying on the decisions .....

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