SC directs consideration of Charitable Status as per AUDA Judgment

CIT Vs Khurja Development Authority (Supreme Court of India) The Supreme Court of India heard two connected appeals stemming from separate orders of the High Court of Judicature at Allahabad, dated January 12, 2015, and January 7, 2019. These appeals were filed by the Revenue under Section 260A of the Income Tax Act, 1961, challenging High Court orders that dismissed the Revenue’s appeals. The issue concerned the registration of the assessee (Khurja Development Authority) regarding its charitable purpose to avail benefits under the Act. The High Court had dismissed the Revenue’s appeal...