2017 (3) TMI 1962 - HC - Income Tax

Revenue's Appeal Dismissed: Assessee Retains Charitable Status Under Income Tax Act Sections 11 & 260A, No Substantial Law Question Found.

The Delhi HC dismissed the Revenue's appeal under Section 260A of the Income Tax Act, 1961, affirming the assessee's entitlement to claim charitable ... Exemption u/s 11 - opinion of the CIT(A) that the assessee was entitled to claim charitable status u/s 11 - ITAT also noted that the question of law urged by the Revenue in that previous year was a subject matter of an appeal that was rejected by this Court. HELD THAT:- In ITA [2015 (10) TMI 2865 - DELHI HIGH COURT] pertaining to AY 1994-95, whereto the issue related to the benefit of Section 11 claimed by the assessee revenue’s appeal for AY 1993-94, involving the same question, was dismissed. In that view of the matter, this appeal is dismissed. The question is answered against the Revenue. The Delhi High Court, in a judgment regarding an appeal under Section 260A of the Income Tax Act, 1961, upheld the assessee's entitlement to claim charitable status under Section 11. The court referenced its previous decisions for AY 2009-10 and noted that similar appeals by the Revenue had been dismissed in the past. As a result, the court dismissed the current appeal, stating that no substantial question of law arose based on the previous orders.