1994 (9) TMI 56

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....hree petitions under section 256(2) of the Income-tax Act, 1961, relate to the assessment years 1983-84, 1984-85 and 1985-86. The question raised for consideration is whether the assessee is entitled to exemption under section 10(22A) of the Act. The same question arose for consideration in the years 1981-82 and 1982-83 and this court in the decision in CIT v. Pulikkal Medical Foundation (P.) Ltd.....

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....out of the impugned order of the Tribunal as the questions cover all the aspects of the questions raised by the Revenue before the Tribunal, namely : " l. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that it cannot be said that profit motive is involved in the activities of the assessee-company ? 2. Whether, on the facts and in the ci....