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TMI Blog2021 (2) TMI 614X X X X Extracts X X X X X X X X Extracts X X X X ..... despread commercial activities which is covered under first and second proviso to section 2(15) without considering the merit of the issue - HELD THAT:- All the questions of law referred to above and proposed by the Revenue stand squarely covered by the decision of this Court in the case of Ahmedabad Urban Development Authority vs. ACIT [ 2017 (5) TMI 1468 - GUJARAT HIGH COURT ] - R/TAX APPEAL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e are not in the nature of commerce / trade without considering the fact that the assessee is involved in widespread commercial activities which is covered under first and second proviso to section 2(15) of the Act without considering the merit of the issue? (B) Whether on the facts and circumstances of the case and in law, the Hon'ble Tribunal was justified considering the activity of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; 30,32,936/- by not appreciating the fact that the addition to fixed assets has already been allowed in earlier years as application of income which amounts to double deduction? (E) Whether on the facts and circumstances of the case and in law, the Hon'ble Tribunal was justified in deleting the addition of General Development Expenditure Fund of ₹ 3,93,78,613/- considering that a c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hon'ble Tribunal is correct in allowing the claim of exemptions relying on the decision of Coordinate Bench of Ahmedabad in ITA No.2751/Ahd/2014 which has not been accepted, though further appeal was not preferred on account of the quantum of tax involved? (I) Whether on the facts and in the circumstances of the case and in law, the Hon'ble Tribunal is correct in allowing the claim o ..... X X X X Extracts X X X X X X X X Extracts X X X X
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