Contribution to State Nodal Agency Allowed as Application of Income

DCIT Vs Kanpur Development Authority (ITAT Delhi)

Development Authority Entitled to Section 11 Exemption – Infrastructure Fund & AwasBandhu Contribution Held Non-Taxable

The Delhi ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order granting full relief to Kanpur Development Authority. The Tribunal held that the Authority continued to qualify as a charitable institution under Section 2(15) and was entitled to exemption under Sections 11

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