https://www.taxtmi.com/caselaws?id=284948 The Tribunal held that the Jamnagar Area Development Authority (JADA) is entitled to exemptions under Sections 11 and 12 of the Income Tax Act. The Tribunal found JADA's activities to be for the advancement of general public utility, similar to a previous case, and not in the nature of trade, commerce, or business. The Tribunal directed the Assessing Officer to verify the exemption calculations under Section 11, emphasizing that JADA qualifies for the claimed exemptions. en-us Mon, 22 Apr 2019 00:00:00 +0530 Wed, 18 Dec 2019 10:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284948 The Tribunal held that the Jamnagar Area Development Authority (JADA) is entitled to exemptions under Sections 11 and 12 of the Income Tax Act. The Tribunal found JADA's activities to be for the advancement of general public utility, similar to a previous case, and not in the nature of trade, commerce, or business. The Tribunal directed the Assessing Officer to verify the exemption calculations under Section 11, emphasizing that JADA qualifies for the claimed exemptions. Case-Laws Income Tax Mon, 22 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284948