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
J. Kinariwala
(2003) 259 ITR 10 (SC). The ld. CIT(A) also referred to the decision of the Hon’ble Supreme Court in CIT vs. Sitaldas Tirathaldas 41 ITR 367 (SC), wherein the Hon’ble Supreme Court had held that the true test was whether the amount sought to be deducted in truth never reached the assessee as his income