Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (6) TMI 933 - AT - Income TaxEligibility for exemption u/s. 11 - whether the assessee was involved in trade, commerce or business as the assessee was receiving fees from the students? - Held that:- We find considerable cogency in the finding of the Ld. CIT(E) in reversing the action of the AO by relying on the judgment of the Tribunal in assessee’s own case for the AY 2009-10 and also relying upon the judgment of the Hon’ble Jurisdictional High Court in the case of India Trade Promotion Organisation vs. DGIT(E) (2015 (1) TMI 928 - DELHI HIGH COURT ) and has rightly held that the proviso to section 2(15) is not applicable to the assessee as the assessee is not involved in any trade, commerce or business. - Decided in favour of assessee.
|