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1 - 6 of 6 (0.26 seconds)India Trade Promotion Organization vs Director General Of Income Tax ... on 22 January, 2015
5. It is urged on behalf of the revenue that the Appellate Commissioner and
the Tribunal fell into error in granting the exemption to the assessee. The
Learned Additional Solicitor General Mr. Balbir Singh, points out that the ITAT
followed the decision of the Delhi High Court in India Trade Promotion
Organisation v. Director General of Income Tax (Exemption)2 and other
decisions.
Assistant Commissioner Of Income Tax ... vs Ahmedabad Urban Development Authority on 19 October, 2022
11. In the present case, the Appellate Commissioner, the ITAT and the High
Court merely followed the judgment of the Delhi High Court in India Trade
Promotion Organisation. However, the law with regard to interpretation of
Section 2 (15) has undergone a change, due to the decision in Ahmedabad
Urban Development Authority (supra). As a result, this court is of the opinion,
that matter should be remitted for fresh consideration of the nature of receipts in
the hands of the assessee, in the present case. As a result, the matter requires to
be re-examined, and the question as to whether the amounts received by the
assessee qualify for exemption, under Section 2 (15) or Section 11 needs to be
gone into afresh.
Section 12AA in The Income Tax Act, 1961 [Entire Act]
Section 80G in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
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