2015 (10) TMI 1013

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..... y the Revenue under Section 260A of the Income Tax Act, 1961 ('Act') is directed against the order dated 9th January 2015 passed by the Income Tax Appellate Tribunal ('ITAT') in ITA No. 5891/Del/2012 for the Assessment Year ('AY') 2009-10. 2. The Assessee is a society registered under the Societies Registration Act as well as under Section 12A of the Act. It was granted ap .....

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..... lves charitable instructions. They ensure that the grants given to the Assessee are utilized for the purpose of charitable activities and not for any business. The consultants' fees were also paid out of such grants. Further, the Revenue was not able to show that any part of the profit or gains has been transferred to any member of the Assessee society. 5. In view of the above factual finding .....

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