THE DY.COMMISSIONER OF INCOME TAX,(EXEMPTIONS)CIRCLE-2,, AHMEDABAD vs. SURAT URBAN DEVELOPMENT AUTHORITY(SUDA), SURAT
In the result, the appeal preferred by the Revenue is dismissed
ITA 5/AHD/2020[2015-16]Status: DisposedITAT Ahmedabad22 Nov 2021AY 2015-16
Bench: Shri Waseem Ahmed& Ms. Madhumita Roy
For Appellant: Shri Prateek Toshniwal, AdvocateFor Respondent: Shri Mohd. Usman, CIT DR
Section 11Section 11(2)Section 143(3)Section 2(15)Section 22
trust fails to apply the entire income of the year. Therefore, the addition is not justified as SUDA is eligible to claim INR
ACIT vs. Surat Urban Development Authority
Asst.Year –2015-16
9,10,65,153/- as 15% deduction u/s ll(l)(a) of the Act as the application of funds need not be more than