Dismissing the appeal of the Revenue the Court held that the assessee-Corporation was carrying out activities incidental to the main objects for which it had been granted registration under section 12AA hence entitle to exemption. Followed, ACIT(E) v. Ahmedabad Urban Development Authority (2022) 449 ITR 1 (SC)
CIT v. Haryana Warehousing Corporation (2023)456 ITR 778 /295 Taxman 315 / 334 CTR 6 (SC) Editorial : CIT v. Haryana Warehousing Corporation (2011) 196 taxman 260 (P& H)(HC), affirmed.
S. 11 : Property held for charitable purposes-Warehousing agricultural produce and connected activities-Activities incidental to main objects-Entitle to exemption.[S.2(15) 12, 12AA]