Affordable house to low income group amount to ‘Relief to Poor’ & eligible for section 11 exemption

Surat Urban Development Authority (SUDA) Vs DCIT (ITAT Ahmedabad) The issue under consideration is that whether the activities carried out by Surat Urban Development Authority are considered as Charitable Activities and hence entitled to the exemption under section 11 of the Income Tax Act or not? The assessee is a regulatory body created by State Government u/s 22 of Gujarat Town Planning and Urban Development Act, 1976 for proper development of specified area in the state which is supposed to be ensured by the State. It was submitted that the assessee is just like a government body functioni...