2003 (12) TMI 51

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....appeal under section 260A of the Income-tax Act, 1961, (for short "the Act"), by the Revenue, is directed against a composite order dated August 22, 2001, passed by the Income-tax Appellate Tribunal, Delhi Bench, Delhi, in I.T.A. Nos. 3591 and 3592 Delhi of 1996, pertaining to the assessment years 1992-93 and 1993-94. According to the Revenue the order involves the following substantial question o....

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....Addl. CIT [1997] 224 ITR 310, wherein their Lordships of the Supreme Court were pleased to hold as under: "It will be rather unreal and hypertechnical to hold that the assessee-society is only a financing body and will not come within the scope of 'other educational institution' as specified in section 10(22) of the Act. The object of the society is to establish, run, manage or assist colleges ....