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CIT v. Glowshine Builders and Developers Pvt. Ltd. (2023) 454 ITR 249/ 293 Taxman 517/ 332 CTR 489/ 225 DTR 241 (SC) Editorial: CIT v. Glowshine Builders and Developers Pvt. Ltd (2018) 405 ITR 540 (Bom)(HC), order of High Court set aside and matter remanded to Tribunal.

S. 28(i) : Business income-Capital gains-Full value of consideration-Stamp valuation-Capital asset-Business income or short-term capital gains-Sale of Development Rights in property-Stock in trade-Sale consideration received by builder was held to be assessable as business income-Provisions of S. 50C was held to be not applicable-Recorded in the balance sheet-Matter remanded to Tribunal for consideration afresh on merits to consider whether transaction a sale of capital assets or of stock-in-trade. [S. 2(14), 45,50C, 145, Art. 136]

CIT (E) v. Gandhinagar Urban Development Authority (2023)454 ITR 40 / 292 Taxman 516 (Guj)(HC) Editorial: SLP of Revenue, dismissed, CIT (E) v Gandhinagar Urban Development Authority (2023)454 ITR 43 / 292 Taxman 70 (SC)

S. 11 : Property held for charitable purposes-Object of general public utility-Urban Development Authority-Entitled to exemption. [S. 2(15), 11(1)(a), 11(2), 12, 260A]

CIT v. Chennai Port Trust (2023)454 ITR 674 /335 CTR 928 (Mad)(HC)

S. 11 : Property held for charitable purposes-Registration-Does not ipso facto entitle to exemption-Other conditions to be satisfied-Matter remanded to the Assessing Officer. [S. 12, 12A, 12AA, 13]

CIT(E) v. Karnataka Industrial Area Development Board (2023) 454 ITR 8 / 293 Taxman 505 (SC) Editorial : Decision of High Court affirmed, CIT (E) v. Karnataka Industrial Area Development Board, (Karn)(HC) (ITA No. 130 of 2021 dt.27-10-2021)

S. 11 : Property held for charitable purposes-Object of aiding development of industries-Statutory board set up by State-Entitled to exemption-SLP of revenue dismissed.[S. 2(15), Art. 136]

CIT (E) v. Ghaziabad Development Authority (2023)454 ITR 803/ 293 Taxman 449 (SC) Editorial : CIT (E) v. Ghaziabad Development Authority (2022) 448 ITR 342 (All)(HC), affirmed.

S. 11 : Property held for charitable purposes-Transfer of fund to infrastructure development fund-Order of High Court affirmed-SLP of Revenue is dismissed. [S. 2(15), Art. 136]

CIT (E) v Gandhinagar Urban Development Authority (2023)454 ITR 43 / 292 Taxman 70 (SC) Editorial: CIT (E) v. Gandhinagar Urban Development Authority (2022) 454 ITR 40 / 292 Taxman 516 (Guj)(HC), affirmed.

S. 11 : Property held for charitable purposes-Object of general public utility-Accumulation of income-Urban Development Authority-Entitled to exemption. [S. 2(15), 11(1)(a), 11(2), 12]

CIT v. Cognizant Technology Solutions Of India Pvt. Ltd. (2023)454 ITR 1 / 293 Taxman 500 (SC) Editorial : CIT v. Cognizant Technology Solutions of India Pvt. Ltd (Mad)(HC)(TCA No. 83 of 2017 dt. 20-11-2020)

S. 10A : Free trade zone-Provisions written back-Gains on foreign exchange fluctuation-Entitle to exemption-Turnover-Communication charges-SLP of Revenue is dismissed. [Art. 136]

CIT v. India Trade Promotion Organisation (2023) 454 ITR 795 / 152 taxmann.com 490 (Delhi)(HC) Editorial : SLP of revenue is dismissed, CIT (E) v. India Trade Promotion Organisation (2023)454 ITR 799 / 294 taxman 1 (SC)

S. 10(23C) : Educational institution-Charitable purpose-Order of the Tribunal allowing exemption is affirmed. [S. 2(15), 10(23C)(iv)]

CIT (E) v. India Trade Promotion Organisation (2023)454 ITR 799 / 294 taxman 1 (SC) Editorial: CIT v. India Trade Promotion Organisation (2023) 454 ITR 795 / 152 taxmann.com 490 (Delhi)(HC), affirmed./. CIT (E) v. India Trade Promotion Organization (2024) 299 Taxman 454 (SC), Review petition of Revenue is dismissed on account of delay as well as on merits .

S. 10(23C) : Educational institution-Charitable purpose-Order of High Court affirmed-SLP of Revenue is dismissed. [S. 2(15), 10(23C)(iv), Art. 136]

UOI v. Baba Banda Singh Bahadur Education Trust (2023)454 ITR 273 / 293 Taxman 428/ 332 CTR 503 / 225 DTR 255 (SC) Editorial: Baba Banda Singh Bahadur Education Trust v. UOI (P& H)(HC)(C.W.P No. 18251 of 2009 dt. 20-5 2010)

S. 10(23C) : Educational institution-Activities not solely for educational purposes-Earned profits at 67.81 percent without depreciation and 44.48 Per cent with depreciation-Not entitle to exemption. [S. 10(23C(vi)]