2007 (1) TMI 102 - DELHI HIGH COURT

Assessee carries out laboratory tests and investigations as per the requirement of EHIRC(Escorts Heart Institute and Research Center) for which it receives payment - Since there is no change in the facts and circumstances from the A.Y. 1988-89 till 1997-98, we are of the view that the Revenue must follow a principle of consistency, and when it has granted the benefit of exemption u/s 10(22A) and 11, it cannot be permitted to deny exemption merely on basis of whims and fancies of AO