https://www.taxtmi.com/caselaws?id=291047 The tribunal upheld the CIT(A)'s decision, affirming that the assessee's primary purpose of "town improvement" qualifies as "advancement of any other object of general public utility" under Section 2(15) of the Income Tax Act. Activities like selling plots were deemed incidental, not commercial ventures. The tribunal dismissed the Revenue's appeal, confirming that Sections 2(15), 11, 12, 12A, and 12AA remain applicable despite the omission of Section 10(20A). The Revenue's appeal was pronounced dismissed in open court, supporting the CIT(A)'s interpretation and application of relevant provisions and judgments. en-us Thu, 13 Jul 2017 00:00:00 +0530 Wed, 13 Nov 2024 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291047 The tribunal upheld the CIT(A)'s decision, affirming that the assessee's primary purpose of "town improvement" qualifies as "advancement of any other object of general public utility" under Section 2(15) of the Income Tax Act. Activities like selling plots were deemed incidental, not commercial ventures. The tribunal dismissed the Revenue's appeal, confirming that Sections 2(15), 11, 12, 12A, and 12AA remain applicable despite the omission of Section 10(20A). The Revenue's appeal was pronounced dismissed in open court, supporting the CIT(A)'s interpretation and application of relevant provisions and judgments. Case-Laws Income Tax Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291047