Section 12AA Registration Upheld as GPU Charitable Status Recognised: Gujarat HC

Advertisement Director of Income Tax (Exemption) Vs Ahmedabad Urban Development Authority (Gujarat High Court) The Revenue filed a tax appeal under Section 260A of the Income Tax Act, 1961 against the Income Tax Appellate Tribunal’s order dated 09.09.2011 for Assessment Year 2008-09. The appeal raised two substantial questions of law: whether the Tribunal was justified in restoring the matter to the Assessing Officer for recomputation under Sections 11, 12 and 13, and whether the Director of Income Tax (Exemption) had rightly cancelled the assessee’s registration under Section 12AA on t...