2003 (10) TMI 25

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.... ("the Act" for short), is directed against order dated January 19, 2001, passed by the Income-tax Appellate Tribunal, Delhi Bench "P", Delhi (hereinafter referred to as "the Tribunal"), in I.T.A. No. 6994 (Delhi) of 1994 pertaining to the assessment year 1991-92. By the impugned order the Tribunal has dismissed the Revenue's appeal against the order passed by the Commissioner of Income-tax (Ap....

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....see-society has existed for carrying out only educational activities with no profit motive and merely because there were certain surpluses the society will not lose exemption under section 10(22) of the Act. Hence, the appeal. Assailing the order passed by the Tribunal, Mr. R.D. Jolly, learned senior standing counsel for the Revenue, has strenuously urged that the aforenoted findings recorded b....

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....forenoted factual position and keeping in view the fact that no change in the nature of activities has been pointed out and the assessee has been granted exemption under section 10(22) of the Act not only in respect of the earlier years but subsequent years as well, we are of the opinion that the order of the Tribunal does not involve any substantial question of law. In this regard we may usefu....