ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) vs. AHMEDABAD URBAN DEVELOPMENT AUTHORITY

Bench: HON'BLE THE CHIEF JUSTICE

property held under trust”, and held that: “23....Trusts and institutions are separately dealt with in the Act (Section 11 itself and sections 12, 12A and 13, for example). The expressions refer to entities differently constituted. It is thus clear that the newspaper business that is carried on by the Trust does not fall within sub-section (4A). The Trust

VARANASI DEVELOPMENT AUTHORITY,VARANASEE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION), LUCKNOW

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

15) of the 1961 Act. 4(iii) The AO observed that the assessee has received income from the following sources :- S. HEADS SCHEDULE NO. AMOUNT (RS.) No. 1 Realization from allotted properties 4,80,44,700 2 Interest from bank H 4,58,23,859 3 Interest from allottees& Schemes Loans I 2,32,25,290 4 Other receipts

M/S. VARANASI DEVELOPMENT AUTHORITY,VARANASI vs. ASSISTANT COMMISSIONER OF INCOME TAX , VARANASI

In the result appeal filed by assessee in ITA no

Bench: Shri Vijay Pal Rao & Shri Ramit Kochar

15) of the 1961 Act. 4(iii) The AO observed that the assessee has received income from the following sources :- S. HEADS SCHEDULE NO. AMOUNT (RS.) No. 1 Realization from allotted properties 4,80,44,700 2 Interest from bank H 4,58,23,859 3 Interest from allottees& Schemes Loans I 2,32,25,290 4 Other receipts