Activities of Statutory Urban Development Body Not Commercial: ITAT allows Section 11 Exemption

DCIT Vs Hapur Pilukhuwa Development Authority (ITAT Delhi)

Delhi ITAT dismissed Revenue’s appeal & upheld CIT(A)’s order granting exemption u/s 11 to the Authority.

Assessee, a statutory body constituted under the U.P. Urban Planning & Development Act, 1973, filed NIL income claiming exemption u/s 11. AO denied exemption treating its activities of land development & property sale as commercial u/s 2(15) proviso. CIT(A) allowed the claim relying on earlier years’ orders.

On appeal, ITAT noted that the identical issue had been decided in Assessee’s f

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