Dismissing the appeal of the revenue the Court held that Company set up for prevention of pollution is preservation of environment is an object of general public utility hence entitle to exemption. (AY. 2009-10)
CIT v. Naroda Enviro Projects Ltd. (2019) 419 ITR 482/ (2020) 190 DTR 228/ 317 CTR 33 (Guj.)(HC)
S. 11 : Property held for charitable purposes-Company set up for prevention of pollution-Preservation of environment is an object of general public utility-Entitle to exemption. [S.2(15), 12A, Companies Act, S.25]