Section 11 Benefit Depends on Cost-Based Pricing Because Profit Motive Matters: ITAT Raipur

Chhattisgarh Housing Board Vs ACIT (ITAT Raipur) The appeals before the Income Tax Appellate Tribunal Raipur Bench were filed by a statutory housing authority for Assessment Years 2011-12, 2012-13, 2013-14, 2016-17, and 2017-18 against orders dated 05.08.2025 passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre under Section 250 of the Income-tax Act, 1961. The central issue in all appeals was whether the assessee was entitled to exemption under Section 11 of the Act. The tribunal treated Assessment Year 2011-12 as the lead case. The assessee is a corporate body ...