Wednesday, April 24, 2019

Exemption u/s 11 allowed for providing plots to EWS category at affordable rates being a 'charitable activity'

IT: Bangalore Development Authority (BDA) constituted for setting up of residential layouts to ensure planned urban development of city and also providing plots and sites to economically weaker section of society at affordable and reasonable rates, could be said to be providing general public utility service within meaning of section 2(15)

from www.taxmann.com Latest Case Laws http://bit.ly/2Pu9ByE

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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