Section 11(1) Exemption Granted to Rajkot Urban Development Authority: ITAT Ahmedabad

DCIT (Exemption) Vs Rajkot Urban Development Authority (ITAT Ahmedabad) ITAT Ahmedabad held that exemption u/s. 11(1)(2) and 11(1)(a) of the Income Tax Act duly admissible to Rajkot Urban Development Authority (RUDA) since the activities were not commercial in nature. Facts- The assessee, Rajkot Urban Development Authority (RUDA), is a local authority established under the Gujarat Town Planning and Urban Development Act, 1976. The appellant is registered u/s. 12AA of the Income Tax Act, 1961, which grants it certain exemptions typically available to charitable or public utility organizations. ...