2017 (9) TMI 1705

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....s founded through a deed of trust on 10th May, 1964 to propagate education in various fields in modern India, and particularly in Maharashtra. It obtained certificate of registration under Section 12A of the Income Tax Act, 1961 (for short, "the IT Act") from the Commissioner of Income Tax, Pune on 13th September, 1973. There have been numerous educational and allied institutions in diverse fields set up and are regularly functioning. Even a deemed university is set up since the granting of registration. The exemption from payment of taxes on income gained by them under Sections 11 and 12 of the IT Act has thus been enjoyed in terms of this registration. 4. For the assessment year in question, namely, the assessment year 2009-2010, a retur....

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....issioner of Income Tax (Appeals). Thereafter, that order of the Commissioner of Income Tax (Appeals) dated 11th January, 2013 came to be challenged by the Revenue in the subject Appeal before the Tribunal, which has been dismissed by the impugned order. 10. The questions of law termed as substantial have been proposed in the following words: (i) Whether on the facts and in the circumstances of the case and in law, the Hon'ble Income Tax Appellate Tribunal was justified in relying on its decision for restoring of registration u/s. 12A without appreciating that department has filed an appeal before Hon'ble High Court in respect of the said decision? (ii) Whether on the facts and in the circumstances of the case and in law, the H....