https://www.taxtmi.com/caselaws?id=273295 The Tribunal overturned the denial of exemption u/s 11 of the Income-tax Act for an Authority under the UP Urban Planning and Development Act, 1973. Despite the Assessing Officer's reliance on a dismissed SLP, the Tribunal held that past exemptions granted to the assessee, affirmed by the High Court, were crucial. The Tribunal emphasized that the dismissal of SLP does not set a binding precedent, leading to the allowance of exemption for both the assessment years 2012-13 and 2013-14. en-us Thu, 04 Jan 2018 00:00:00 +0530 Fri, 15 Jun 2018 07:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273295 The Tribunal overturned the denial of exemption u/s 11 of the Income-tax Act for an Authority under the UP Urban Planning and Development Act, 1973. Despite the Assessing Officer's reliance on a dismissed SLP, the Tribunal held that past exemptions granted to the assessee, affirmed by the High Court, were crucial. The Tribunal emphasized that the dismissal of SLP does not set a binding precedent, leading to the allowance of exemption for both the assessment years 2012-13 and 2013-14. Case-Laws Income Tax Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273295