TMI Blog2020 (11) TMI 378X X X X Extracts X X X X X X X X Extracts X X X X ..... no longer res integra in view of the judgment of this very Court rendered in the Tax Appeal[ 2020 (2) TMI 1359 - GUJARAT HIGH COURT] - All the questions proposed are squarely covered by the decision rendered in the case of Ahmedabad Urban Development Authority vs. ACIT (Exemption) [ 2017 (5) TMI 1468 - GUJARAT HIGH COURT] - R/TAX APPEAL NO. 272 of 2020 - - - Dated:- 30-9-2020 - HONOURABLE TH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies in nature of business and the activity of the assessee is covered under the provisions of section 2(15) of the Act and us, exemption u/s. 11 12 of the Act is not allowable to the assessee? [B] Whether on the facts and circumstances of the case and in law, the Appellate Tribunal was justified in allowing benefit of section 11 of the Act relying on the decisions of this Hon ble Court in t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ibunal in allowing benefit of section 11 of the Act relying on the decision Co-ordinate Bench of Ahmedabad in ITA No.3621/Ahd/2015 which has not been accepted, though further SLP was not preferred on account of the quantum of tax involved? 3 We have heard Mr. M.R.Bhatt, the learned Senior Counsel assisted by Mrs. Mauna Bhatt, the learned Senior Standing Counsel appearing for the Revenue and ha ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
