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2016 (9) TMI 57 - DELHI HIGH COURT

2016 (9) TMI 57 - DELHI HIGH COURT - [2016] 386 ITR 43 - 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 the decision of the Assessing Officer and the Commissioner of Income-tax (Appeals), accepted the case of the assessee that the activities in question were incidental to the main activity of the .....

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on 11(4A) of the Act. - Having heard the learned counsel 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:- 29-3-2016 - Dr. S. Muralidhar And Vibhu Bakhru, JJ. For the Appellant : P. Roy Chaudhuri, Senior Standing Counsel, with Ms. Laxmi Gurung, Junior Standing Counsel For the Respondent : V. P. Gupta and .....

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or Liver, Renal & Digestive Disease (PSRI Hospital). 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 income for the assessment year 2008-09 showing nil income. The return was picked up for scrutiny. Four items of receipts form the subject matter of the enquiry by the Assessing Officer (AO). T .....

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