2017 (7) TMI 1195

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..... , confirms that since the application of income was more than 85%, in terms of Section 11 (1) of the Income Tax Act, 1961, the question of denying the exemption to the Assessee does not arise. The question framed by this Court on 6th December 2016, is not required to be answered. The impugned order [2016 (6) TMI 177 - ITAT DELHI] passed by the ITAT is, therefore, maintained. - ITA 881/2016 - - .....

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..... heb Hossain, learned Senior standing counsel for the Appellant seeks time to obtain instructions. 4. List on 24th July 2017. 2. Mr Zoheb Hossain, Senior Standing Counsel appearing for the Revenue, confirms that since the application of income was more than 85%, in terms of Section 11 (1) of the Income Tax Act, 1961, the question of denying the exemption to the Assessee does not arise. .....

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