1980 (1) TMI 141 - AT - Income Tax

Summary

The Department's appeal was against the Commr. of GT (A) order for the asst. yr. 1975-76 regarding the exemption claim of lands gifted to M/s Devi Educational Institution. The Commr. of GT (A) upheld the exemption claim under s. 5(1)(v) of the GT Act based on previous orders and exemptions granted to the institution. The Tribunal found no merit in the Department's appeal and dismissed it.