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2023 (7) TMI 622 - SCH - Income TaxExemption u/s 11 - scope and amplitude of the definition charitable purpose - Claim denied as activities are commercial in nature and cannot be held to be charitable in view of the proviso (ii) to section 2(15) - ITAT and HC allowed exemption to assessee - As submitted that this Special Leave Petition could be dispose of in terms of the said judgment in AHMEDABAD URBAN DEVELOPMENT AUTHORITY 2022 (10) TMI 948 - SUPREME COURT and observations of this Court, inter alia, in para 282 would squarely apply to this case also. HELD THAT - In the circumstances, the impugned order is set aside. The Special Leave Petition is disposed of in terms of the 2022 (10) TMI 948 - SUPREME COURT judgment.
The Supreme Court in Citation 2023 (7) TMI 622 - SC Order, Justices B.V. Nagarathna and Prashant Kumar Mishra heard a case where the impugned order was set aside and the Special Leave Petition was disposed of in terms of a specific judgment. The delay was condoned, and pending applications were disposed of. Key counsels involved were Mr. N Venkatraman, Mr. Rishabh Sancheti, and others.
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