2018 (9) TMI 78

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....e is in appeal against the judgment of the Income Tax Appellate Tribunal dated 23.03.2018 raising following questions for our consideration: "[A] Whether on the facts and in the circumstances of the case, and in law, the Appellate Tribunal is in interpreting the provisions of section 2(15) of the Act that the assessee trust's activities do not fall under the last limb of section 2(15) i.e." ....

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....siness of acquiring land within the State of Gujarat for industrial purposes and developing industrial estates constructing sheds and housing quarters and transferring facilities to the various industries after creating infrastructural facilities such as roads, streetlights, water supply, effluent disposal, storm water drainage etc. Principally two issues arise in the present appeal out of the imp....

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....vations: "14. As per the statement and object of GIDC Act, 1962, it has been enacted for securing the orderly establishment and organization of industries in industrial areas and industrial estates in the State of Gujarat and for the purpose of establishing commercial centres in connection with the establishment and organization of such industries and for that purpose, to establish an Industrial....