2024 (7) TMI 1606 - HC - Income Tax

Exemption u/s 11 - scope and amplitude of the definition charitable purpose - HELD THAT - Matter is remitted to the authority concerned to decide the same afresh in view of the ratio decided in AHMEDABAD URBAN DEVELOPMENT AUTHORITY 2022 (10) TMI 948 - SUPREME COURT

Summary

The judgment from the Jharkhand High Court involves a Tax Appeal (T.A. No. 24 of 2019) concerning an order by the ITAT for the assessment year 2014-15. The court first addressed an application under Section 5 of the Limitation Act (I.A. No. 1550 of 2021), condoning a 5-day delay in filing the appeal.The appellant's counsel argued that the issues in the appeal are "no more res-integra" due to the Supreme Court's decision in *Assistant Commissioner of Income Tax (Exemption) v. Ahmedabad Urban Development Authority*, (2023) 4 SCC 561, which necessitates a fresh consideration of similar matters. The respondent's counsel concurred with this submission.Consequently, the High Court disposed of the appeal and remitted the matter for reconsideration by the appropriate authority, aligning with the Supreme Court's directive in the aforementioned case.