https://www.taxtmi.com/caselaws?id=409177 The Tribunal upheld the CIT (A)'s decision to allow exemption u/s 11 of the Income Tax Act for the relevant assessment years, rejecting the Department's appeal. It found the activities of the assessee, a Development Authority, to be charitable and in line with the definition of charitable purpose u/s 2(15). The Tribunal emphasized the lack of new evidence to challenge previous findings and dismissed the revenue's arguments, affirming the benefit of exemption u/s 11. en-us Wed, 30 Jun 2021 00:00:00 +0530 Wed, 30 Jun 2021 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409177 The Tribunal upheld the CIT (A)'s decision to allow exemption u/s 11 of the Income Tax Act for the relevant assessment years, rejecting the Department's appeal. It found the activities of the assessee, a Development Authority, to be charitable and in line with the definition of charitable purpose u/s 2(15). The Tribunal emphasized the lack of new evidence to challenge previous findings and dismissed the revenue's arguments, affirming the benefit of exemption u/s 11. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409177