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

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

Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudhary

trust deed of the assessee. iii. There is no material on record to prove that section 60 to 63 had been violated. However, he pointed out , that in the same judgment of Hon’ble High Court had laid down the law that the benefit of section 11 was not absolute or conclusive. It was subject to the controls of section