https://www.taxtmi.com/caselaws?id=774303 ITAT Delhi ruled in favor of the development authority, granting exemption under section 11. The Tribunal held that statutory bodies providing shelter to homeless people qualify as charitable organizations under section 2(15), with the proviso not applicable. Following precedents including SC decisions in Ahmedabad Urban Development Authority and coordinate bench rulings in Meerut and Kanpur Development Authority cases, the Tribunal confirmed the exemption. Additionally, amounts credited to infrastructure development fund were held non-taxable as the authority acts as mere custodian for state funds utilized for general utility purposes. en-us Wed, 25 Jun 2025 00:00:00 +0530 Mon, 07 Jul 2025 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774303 ITAT Delhi ruled in favor of the development authority, granting exemption under section 11. The Tribunal held that statutory bodies providing shelter to homeless people qualify as charitable organizations under section 2(15), with the proviso not applicable. Following precedents including SC decisions in Ahmedabad Urban Development Authority and coordinate bench rulings in Meerut and Kanpur Development Authority cases, the Tribunal confirmed the exemption. Additionally, amounts credited to infrastructure development fund were held non-taxable as the authority acts as mere custodian for state funds utilized for general utility purposes. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774303