High Court wrongly considered matter u/s. 10(20) instead of section 11 and 12 hence matter remanded

CIT (Exemptions) Vs Jaipur Development Authority Rajasthan (Supreme Court of India) Supreme Court held that Rajasthan High Court not justified in dismissing the appeal by considering matter under section 10(20) since it was the case of section 11 and 12 of Income Tax Act. Accordingly, order set aside and remanded back for fresh consideration. Facts- Revenue has preferred the present appeal mainly contesting that the High Court has dismissed the appeals preferred by the Revenue by granting the benefit to the respondent/Assessee under Section 10(20) of the Income Tax Act, 1961. However, responde...