Dismissing the appeal of the revenue the Court held that preservation of environment is charitable purpose. Institution engaged in management of liquid and solid wastes of industrial area is entitled to exemption . (AY.2014-15)
CIT(E) v. Naroda Enviro Projects Ltd. (2020) 429 ITR 376 / (2021) 276 Taxman 50/ 190 DTR 228 (Guj.)(HC)
S. 11 : Property held for charitable purposes-Preservation of environment is charitable purpose-Institution engaged in management of liquid and solid wastes of industrial area-Entitled to exemption. [S. 2(15)]