https://www.taxtmi.com/caselaws?id=274990 The Doon Valley Special Area Development Authority's classification as a charitable organization under Section 2(15) of the Income Tax Act was upheld by the ITAT. The Authority's income earmarked for development purposes and its application for condonation of delay were considered valid, leading to the restoration of the issue for fresh examination by the Assessing Officer. The ITAT emphasized justice and equity in allowing the appeal for statistical purposes, without changing the substantive tax treatment. en-us Fri, 23 Mar 2012 00:00:00 +0530 Thu, 13 Sep 2018 15:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274990 The Doon Valley Special Area Development Authority's classification as a charitable organization under Section 2(15) of the Income Tax Act was upheld by the ITAT. The Authority's income earmarked for development purposes and its application for condonation of delay were considered valid, leading to the restoration of the issue for fresh examination by the Assessing Officer. The ITAT emphasized justice and equity in allowing the appeal for statistical purposes, without changing the substantive tax treatment. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274990