CIT(E) v. Ahmedabad Urban Development Authority (2019) 105 taxmann.com 309 / 263 Taxman 456 (Guj.) (HC) Editorial : SLP is granted to the revenue, CIT (E) v. Ahmedabad Urban Development Authority (2019) 263 Taxman 455 (SC)

S. 11 : Property held for charitable purposes-Accumulation of income – Entitle to exemption. [S. 2(15)]

Following the decision Ahmedabad Urban Development Authority v. ACIT(E) (2017) 396 ITR 323 (Guj.)(HC) accumulation was allowed and the appeal of the revenue was dismissed.  (S. 11) (AY. 2013-14)