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TMI Blog2018 (3) TMI 154X X X X Extracts X X X X X X X X Extracts X X X X ..... oshi i/b. Mr. A. K. Jasani, for the Respondent. P.C: This Appeal under Section 260A of the Income Tax Act, 1961 (the Act), challenges the order dated 26th November, 2014 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 26th November, 2014 is in respect of Assessment Year 2013-14. 2. Revenue urges the only following question of law, for our consideration: "W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is an undisputed position that the Respondent-Institution had education as its stated object and did carry out the same. It further held that the generation of surplus is not the test which by itself will disallow Registration under Section 12AA of the Act. The only quantifications to be considered for Registration under Section 12AA of the Act, is the objects of the trusts/ institution and its g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Section 12AA of the Act can be granted. In the above view, it is submitted that this appeal requires admission. 7. We find that the decision of the Apex Court in Children Book Trusts (supra) will have no application to the present facts. It was rendered in the context of property tax under the Delhi Municipal Corporation Act, 1957. Further, the above decision itself records that definition ..... X X X X Extracts X X X X X X X X Extracts X X X X
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