2019 (1) TMI 1411

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..../b. V. S. Hadade, for the Respondent. P.C: The Revenue is in Appeal against the Judgment of Income Tax Appellate Tribunal (the Tribunal), raising following questions of law: "(a) Whether on the facts and in the circumstance of the case and in law, the Tribunal was right in holding that letting out of premises for Technical education to the trainees of Jet Airways, Tata Sky only and not to....

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....According to the Revenue, Assessee can be seem to have run coaching classes. Revenue, therefore, argued that these, were not charitable activities and the Trust was, therefore, not entitled to exemption under the Income Tax Act, 1961 (for short "the Act")'. The Tribunal, however, ruled in favour of the Assessee and allowed the Appeal. Tribunal observed that, Assessee had let out its property t....

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.... a charitable activity and its income, therefore, from such activity, would be exempt from tax. 3. Having heard the learned Counsel for the parties and after perusing the material on record, we do not find that the Tribunal has committed any error arising on the above conclusions. 4. As noted, the main object of the Trust is to impart education. For better utilization of its infrastructure, ....