https://www.taxtmi.com/caselaws?id=286976 The Tribunal found that the assessee, a local authority registered as a charitable institution, did not lose its charitable character by engaging in the sale of Government lands as it acted as an agent for the Government. The Tribunal directed the Assessing Officer to re-examine the issue and determine the correct amount of sales proceeds for the relevant years, considering additional documents and explanations. The Tribunal set aside the previous order and remanded the issues back to the AO for fresh examination, allowing the appeals of the assessee in part. en-us Fri, 09 Nov 2012 00:00:00 +0530 Mon, 23 Mar 2020 16:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286976 The Tribunal found that the assessee, a local authority registered as a charitable institution, did not lose its charitable character by engaging in the sale of Government lands as it acted as an agent for the Government. The Tribunal directed the Assessing Officer to re-examine the issue and determine the correct amount of sales proceeds for the relevant years, considering additional documents and explanations. The Tribunal set aside the previous order and remanded the issues back to the AO for fresh examination, allowing the appeals of the assessee in part. Case-Laws Income Tax Fri, 09 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286976