2012 (6) TMI 679

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....itioner. 2. Petitioner has preferred this writ petition challenging impugned order dated 26.07.2011(Annexure-3), whereby Respondent No. 1, Income-Tax Officer has over-ruled the objection of the petitioner that petitioner-University is exempted under Section 10(23C) (iiiab) of the Income Tax Act, 1961(for short 'the Act') and has directed the petitioner to file copy of income tax return and audi....

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....ersity was required to get approval u/s 10(23C) of the Income Tax Act, 1961, as the University is not wholly or substantially financed by the Government and is therefore, not exempt u/s 10(23C)(iiiab). This issue is clear from table, which specify the receipts from affiliated colleges and students and the grants received by the University from the Government- Table is enclosed as Annexure-A in ....

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....epting the objection of the petitioner are illegal and without jurisdiction, therefore, this Court should interfere in the said order and quash the same. 5. I have considered the submission of learned counsel for the petitioner and examined the impugned notice(Annexure-2), objection petition of the petitioner (Annexure-7) and the impugned order dated 26.07.2011(Annexure-3). 6. It appears tha....