Search Results Page
Search Results
1 - 10 of 17 (0.25 seconds)Section 2 in The Orissa Development Authorities Act, 1982 [Entire Act]
Section 12A in The Finance Act, 2018 [Entire Act]
U.P. Area Development Act, 1976
The Finance Act, 2018
Punjab Regional and Town Planning and Development Act, 1995
The Income Tax Act, 1961
Hyderabad Urban Development Authority ... vs The Assistant Commissioner Of Income ... on 26 October, 2015
Similar view was also held subsequently by the Hon'ble ITAT, Amritsar Bench in
the case of Jalandhar Development Authority v. Commissioner of Income-tax in IT
appeal No. 562(ARS) 2008 on the basis of aforesaid decision. Here, it is very
pertinent to quote hereunder the objects of the BDA as envisaged in Sec.7 of ODA
Act'1982 which are pari materia to the objects as envisaged under section 28(1) of
the Punjab Regional and Town Planning and Development Act, 1995(PUDA); as
under:
Commissioner Of Income Tax-I Lucknow vs M/S Lucknow Development Authority ... on 16 September, 2013
5. He further submitted that the above order of Hon'ble Allahabad High
Court was followed in the case of CIT vs. Lucknow Development Authority,
265 CTR (All) 433, wherein, it was held that "where the trust is carrying
out its activities on non-commercial lines with no motive to earn profits, for
fulfilment of its aims and objectives, which are charitable in nature and in
the process earn some profits, the same would not be hit by proviso to
section 2(15)."
Commissioner Of Income Tax ... vs M/S Yamuna Expressway Industrial ... on 21 April, 2017
12. Ld D.R. has relied on the order of the CIT but could not show any
good reason to not to follow the order of the Amritsar Bench of the Tribunal
in the case of Improvement Trust Bathinda(supra) and Hon'ble Allahabad
11
ITA No. 329/CT K/ 2013
Bhubanes w ar De ve lop ment Autho ri t y
High Court in the case of Lucknow Industrial Development (supra).
Therefore, respectfully following the above decision, we set aside the order
of the CIT and direct him to grant registration u/s.12AA of the Act.