TMI Blog2011 (7) TMI 1207X X X X Extracts X X X X X X X X Extracts X X X X ..... questions of law raised by the revenue in this appeal read thus : i) Whether, on the fact and circumstances of the case and in law the Hon ble Tribunal was justified in granting exemption u/s. 11 of the Act in respect of the income which arose from conducting exhibitions, ignoring the fact that such income is taxable as income from business as the same is not incidental to the objects of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e organizing trade fair was considered as business activity as defined in Sec. 2(15) of the I.T. Act, 1961 ? v) Whether, on the facts and in the circumstances of the case and in law, the Hon ble ITAT was right in directing the AO to set off the deficit of earlier years to the surplus of this year and consider such adjustment as application of income for charitable purpose ? vi) Whe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on a decision of this Court in the case of C.I.T. vs. Institute of Banking reported in 264 ITR 110 (Bom). Since the decision of the Tribunal is based on a decision of this Court, we do not propose to entertain question nos. 5. 4. Question no. 6 being a consequential question, the said question cannot be entertained. 5. Accordingly, the appeal is dismissed. No order as to costs. - - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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