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
20A) and insertion of explanation in section 10(20) by the Finance Act, 2002 w.e.f. 1.04.2003, the assessee was advised to seek registration under section 12A of the Act. However, its application was rejected by the ld.
CIT, Allahabad by holding that the assessee was earning profit from the buying and selling of commercial land, building