DCIT, EXEMPTIONS CIRCLE, HYDERABAD vs. HYDERABAD METROPOLITAN DEVELOPMENT AUTHORITY, SECUNDERABAD
In the result, both the appeals of assessee and Revenue are allowed for statistical purposes
ITA 326/HYD/2022[2018-19]Status: DisposedITAT Hyderabad26 Dec 2022AY 2018-19
Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar
For Appellant: Ms. SandhyaFor Respondent: Shri Jeevan Lal Lavidiya –
Section 11Section 139Section 139(1)
similar lines as in the case of GPU charities Like in the case of GPU charities, there is a prohibition by Section 10(46)(b) against such corporations, etc engaging in commercial activity This restriction has been introduced for the first time [as that prohibition was absent