Invocation of proviso to section 2(15) vis-à-vis publication of advertisement to be re-examined

PCIT (Exemptions) Vs Servants of People Society (Supreme Court of India) Supreme Court remanded the matter for fresh consideration in respect of exemption u/s 2(15) or section 11 in respect of publication of advertisement for consideration in light of Ahmedabad Urban Development Authority. Facts- The Commissioner of Income Tax (“revenue”) is aggrieved by the impugned judgment and order of the Delhi High court. The impugned judgment upheld the decision of the Income Tax Appellate Tribunal (“ITAT”) which affirmed the views expressed by the Commissioner of Income Tax (Appeals) (“Appella...