Appeals Dismissed, Registration Restored under Income Tax Act

The High Court of Allahabad dismissed the appeals as infructuous, as the questions of law were decided in favor of the development authority in a previous case. The Income Tax Appellate Tribunal upheld the decision and restored the registration granted to the assessee under Section 12-AA of the Income Tax Act.

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The High Court of Allahabad dismissed the appeals as infructuous as the questions of law were decided in favor of the development authority in the case of CIT v Lucknow Development Authority. The Income Tax Appellate Tribunal also followed the same law and restored the registration granted to the assessee under Section 12-AA of the Income Tax Act.

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