https://www.taxtmi.com/highlights?id=64583 Exemption u/ 11 - claim denied as assessee is maximizing profits by selling the properties by auction - the assessee is a charitable entity u/s 2(15) of the 1961 Act, being engaged in the advancement of object of general public utility, with the predominant object of tackling problems of town planning and urban development in a planned manner, and shall be eligible for exemption u/s 11 of the 1961 Act. - AT en-us Tue, 12 Jul 2022 13:37:30 +0530 Tue, 12 Jul 2022 13:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64583 Exemption u/ 11 - claim denied as assessee is maximizing profits by selling the properties by auction - the assessee is a charitable entity u/s 2(15) of the 1961 Act, being engaged in the advancement of object of general public utility, with the predominant object of tackling problems of town planning and urban development in a planned manner, and shall be eligible for exemption u/s 11 of the 1961 Act. - AT Highlights Income Tax Tue, 12 Jul 2022 13:37:30 +0530 https://www.taxtmi.com/highlights?id=64583