https://www.taxtmi.com/caselaws?id=343811 The High Court upheld the tribunal's decision to cancel the registration under Section 12AA of the Income Tax Act. The court found that the respondent's activities were aligned with its statutory purpose of providing public utility services and infrastructure development. Emphasizing that selling plots for development did not amount to trade or business, the court ruled in favor of the respondent, AUDA, stating that the cancellation lacked specific reasons and did not demonstrate deviation from statutory objectives. Consequently, the Tax Appeal was dismissed, favoring the respondent over the revenue. en-us Tue, 25 Apr 2017 00:00:00 +0530 Fri, 02 Jun 2017 06:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343811 The High Court upheld the tribunal's decision to cancel the registration under Section 12AA of the Income Tax Act. The court found that the respondent's activities were aligned with its statutory purpose of providing public utility services and infrastructure development. Emphasizing that selling plots for development did not amount to trade or business, the court ruled in favor of the respondent, AUDA, stating that the cancellation lacked specific reasons and did not demonstrate deviation from statutory objectives. Consequently, the Tax Appeal was dismissed, favoring the respondent over the revenue. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343811