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Section 119 Section 2(15)9 Section 143(3)3 Section 123 Section 260A3 Exemption3 Addition to Income3

ALLAHABAD DEVELOPMENT AUTHORITY,ALLAHABAD vs. ACIT (EXEMPTION), LUCKNOW

In the result all three appeals of the Assessee are partly allowed

ITA 89/ALLD/2020[2016-17]Status: DisposedITAT Allahabad31 Jan 2025AY 2016-17

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

For Appellant: Sh. Ashish Bansal, AdvocateFor Respondent: Sh. Amalendu Nath Mishra, CIT DR

Section 11Section 12Section 143(3)Section 2(15)Section 260A

charitable purpose did not rule out any surplus arising out of activities of the trust / institution but it simply meant that the surplus could again be re-utilized for the objects of an institution. AYs. 2014-15 to 2016-17 The view taken by the ld. CIT(A) was not only contrary to the observations made / findings given