2003 (3) TMI 74

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....delivered by R. JAYASIMHA BABU J.-The assessment years are 1985-86 to 1987-88. The following question has been referred to us for our consideration: "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that the Commissioner was not justified in setting aside the order of the Commissioner of Income-tax (sic) under section 263 of the In....

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....has directed that exemption be granted to the income received from the hospital. This court in the case of CIT v. A.M.M. Arunachalam Educational Society [2000] 243 ITR 229 has held that section 10(22) exempts "any" income of a university or other educational institution existing solely for educational purposes and not for profit. Section 10(22A) exempts from levy of tax "any income" of a hospit....