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TMI Blog2019 (5) TMI 1332X X X X Extracts X X X X X X X X Extracts X X X X ..... n of Indian Universities, a charitable trust registered under the societies Registration Act, 1860 and Section 12A since 28th January 1981 - Assessee has got an approval under Section 80G (5) (vi) with effect from AY 2010-11 - HELD THAT:- CIT (A) holding that the Assessee was a charitable association. AO was directed to allow the exemption u/s 11 (1) as it was found as a matter of fact that the As ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Standing Counsel for Revenue. Respondent Through: None O R D E R 1. This is an appeal by the Revenue against an order dated 30th May 2018 passed by the Income Tax Appellate Tribunal ( ITAT ) in ITA No. 1649/DEL/2016 for the Assessment Year 2011-12. 2. The question sought to be urged by the Revenue are whether the ITAT erred in holding that the Assessee w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 377; 6,30,50,050/- was sought to be added to the income of the Assessee. 5. The above order was reversed by the Commissioner of Income Tax (A) holding that the Assessee was a charitable association. The AO was directed to allow the exemption under Section 11 (1) of the Act as it was found as a matter of fact that the Assessee was not involved in any trade, commerce or business activities, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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