https://www.taxtmi.com/caselaws?id=768030 ITAT Delhi ruled in favor of the assessee on exemption eligibility under sections 11 and 12. The tribunal held that infrastructure funds received under Government of Uttar Pradesh order, to be utilized per high-powered committee directions, are not taxable in the assessee's hands. Both grounds raised by the assessee were decided favorably, with the infrastructure funds deemed non-taxable based on their specific nature and governmental directive for utilization. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 29 Mar 2025 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768030 ITAT Delhi ruled in favor of the assessee on exemption eligibility under sections 11 and 12. The tribunal held that infrastructure funds received under Government of Uttar Pradesh order, to be utilized per high-powered committee directions, are not taxable in the assessee's hands. Both grounds raised by the assessee were decided favorably, with the infrastructure funds deemed non-taxable based on their specific nature and governmental directive for utilization. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768030