In the result, the appeal of the assessee stands partly allowed
Bench: Shri N.K. Saini & Shri Sanjay Gargआयकर अपील सं./ Ita No. 220/Chd/2020 "नधा"रण वष" / Assessment Year : 2016-17 M/S Infrastructure Development The Dcit, Exemptions, बनाम Fund, Chandigarh Sco 71-75, Sector 17-C, Chandigarh "थायी लेखा सं./Pan No: Aaali0136K अपीलाथ"/Appellant ""यथ"/Respondent
220-Chd-2020 - Infrastructure Development Fund, Chandigarh 12 has categorically held so in the following case laws aptly relied upon by the Ld.Counsel for the assessee: o ADDITIONAL DIRECTOR OF INCOME TAX (EXEMPTION) vs. MANAV (2008) 20 SOT 0517 (Del) o MOTI RAM GOPI CHAND CHARITABLE TRUST vs. ADDITIONAL COMMISSIONER OF INCOME TAX (2013) 59 SOT 0197 (Delhi) o JOINT