ITAT Refers AO to Examine Section 2(15) Allowability in Light of SC Decision

Maharaja Pratapsinh Coronation Gymkhana Vs ITO (ITAT Ahmedabad) In the matter abovementioned ITAT referred to the AO to examine the allowability of the claim u/s 11 of the Act in view of the decision of the Hon’ble Apex Court in the decision of ACIT Vs. Ahmedabad Urban Development Authority, (2022) 449 ITR 1 (SC). Assessee is granted registration u/s 12A/AA. AO hold that the activities of the assessee is not in the nature of charitable purpose in view of the definition of section 2(15) and treating the activities of the club as of commercial nature and profits earned by the assessee are not ...