ITAT Delhi Remands DDA’s 2(15) Exemption Dispute for Fresh Examination

Delhi Development Authority Vs ACIT (Exemption) (ITAT Delhi) ITAT Delhi Remands DDA’s 2(15) Exemption Dispute for Fresh Examination in Light of Supreme Court’s Ahmedabad Urban Development Authority Ruling In this appeal, the Delhi Development Authority (DDA), represented by Shri Baldev Raj, CA & Shri Maneesh Upneja, CA, challenged the NFAC order dated 30.06.2023 which had upheld the denial of exemption u/s 11 & 12, held DDA to be hit by the proviso to s.2(15), invoked s.13(8), & disallowed expenditure u/s 40A(9). The Department was represented by Shri Shrikant Namdeo, CIT-DR. D...