VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW
In the result appeal filed by assessee in ITA no
ITA 267/ALLD/2017[2014-15]Status: DisposedITAT Varanasi06 Jul 2022AY 2014-15
Bench: Shri Vijay Pal Rao & Shri Ramit Kochar
For Appellant: ShriAshishBansal, AdvocateFor Respondent: ShriSunil Bajpai, CIT- D.R
Section 11Section 12Section 12ASection 143(3)Section 2(15)
433(All.HC) without comparing whether the facts in the instant case are tallying with the facts in the case of Lucknow Development Authority(supra). The tribunal noted that the AO has brought on record in its assessment order that on dissolution of the assessee , all properties , funds and dues which are vested in or realizable by assesseeshall vest
