2019 (12) TMI 1115

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....RA Mr. Denesh Goyal, Advocate for the appellant. Ms. Radhika Suri, Sr. Advocate with Mr. M.S.Kanda, Advocate for the respondent. ORDER AJAY TEWARI, J. (Oral) 1. The present appeal has been filed under Section 260A of the Income Tax Act, 1961 (in short 'the Act'), against the order dated 22.02.2017, passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar, in ITA....

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....zed as a charitable institution an alumni association which was also not a profit organization would be entitled to exemption under Section 12AA. 5. In our opinion, the arguments of both counsel are too extreme. It cannot be said that the certification in favour of the school is entirely irrelevant nor can it be said that merely because the school got a certificate under Section 12A(a) the alum....