GUJARAT HOUSING BOARD (GHB),,AHMEDABAD vs. THE D.C.I.T. (EXEMPTION), CIRCLE-1,, AHMEDABAD

In the result, the appeal is allowed in the terms indicated above

Bench: Him) Of Denying Exemption To The Appellant’S Income U/S.11 & 12 Of The Income Tax Act, 1961 As Claimed In The Appellant’S Return, On The Ground That The Appellant’S Case Attracted The First Proviso To Section 2(15) & In Turn, Sub-Section(8) Of Section 13 Of The Act.

14 above the cost itself is inclusive of element of profit. Hence, GHB is not undertaking any charitable activities under the GHB Act. 16.1 There are many sections in the GHB Act that support the activities of GHB which are in the nature of trade, commerce or business or activities of rendering service in relation to any trade, commerce