ITAT Dehradun Allows UCADA’s Appeal, Sets Aside Tax Exemption Rejection

Uttarakhand Civil Aviation Development Authority Vs CIT (Exemption) (ITAT Dehradun) Income Tax Appellate Tribunal (ITAT), Dehradun, has recently ruled in favor of the Uttarakhand Civil Aviation Development Authority (UCADA) in their appeal against an order passed by the Commissioner of Income Tax (Exemption), Lucknow. The Commissioner had previously rejected UCADA’s application for registration under Section 12AB(1)(1)(ii)(B) of the Income-tax Act, 1961, which would have granted them tax exemption. The core issue in the appeal revolved around whether UCADA’s objectives qualified as...