Live Help
Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 

ITAT restored Sec. 12AA registration of ‘VMRDA as it wasn’t engaged in commercial activities

May 22, 2020[2020] 116 taxmann.com 711 (Visakhapatnam - Trib.)
285 Views

INCOME TAX : Where assessee Visakhapatnam Metro Region Development Authority was a Government institution carrying out activities such as sale of lands by public auction, entering into joint development agreement for construction of commercial complexes, houses and malls for public utility services for furtherance of objects, and department did not place any material to show that assessee was engaged in commercial activity, registration granted to assessee under section 12AA cancelled on presumptions and assumptions without having proper material was to be restored

taxmann.com
Payment
Best view in 1140 x 768