M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. ASSISTANT COMMISSIONER OF INCOME TAX , VARANASI
In the result appeal filed by assessee in ITA no
ITA 264/ALLD/2017[2011-12]Status: DisposedITAT Varanasi06 Jul 2022AY 2011-12
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)
iv) Development and allotments of plots, residential units etc. to specific class of people/public at large,
(v) Infrastructure development including roads, sever(sic. sewer) etc.”
4(vi) The AO observed that objects of the assessee as mentioned above falls under the limb “any other object of general public utilities”. The AO then refers to what constitute business , in legal parlance
