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Commissioner of Income-Tax (E) Versus Pushpawati Singhania Research Institute for Liver, Renal And Digestive Diseases

2016 (9) TMI 57 - DELHI HIGH COURT

Entitlement to exemption u/s 11 - whether the earning of income from the four streams would disentitle it to exemption in terms of section 11(4A) of the Act? - Held that:- The Income-tax Appellate Tribunal has, in the impugned order, while reversing .....

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rning motive. The Income-tax Appellate Tribunal also noticed that for the assessment years earlier and later to the assessment year in question, the Assessing Officer accepted the assessee's case and allowed its claim for exemption. In particular, th .....

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sel for the parties, the court is of the view that the view taken by the Income-tax Appellate Tribunal on the basis of the record is a plausible one and does not give rise to any substantial questions of law - I. T. A. No. 211 of 2016 - Dated:- 29-3- .....

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ubject to all just exceptions. I. T. A. 211 of 2016 2. This appeal by the Revenue is against the order dated October 12, 2015 passed by the Income-tax Appellate Tribunal ("ITAT") in I. T. A. No. 5799/ Del/2011 for the assessment year (" .....

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It has been approved as a charitable institution under section 12A of the Act. The assessee states that it maintains separate books of account for the research activity and for the activity of running the hospital. 4. The assessee filed its return of .....

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ospital (SMH), from outside laboratories and from a drug store within the hospital premises run on licence basis. 5. The question urged by the Revenue in this appeal is whether the earning of income from the above four streams would disentitle it to .....

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t" have not been maintained by the assessee in respect of each such stream of activity. 7. The case of the assessee, on the other hand, which has been accepted by the Income-tax Appellate Tribunal, is that separate ledgers have been maintained o .....

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