2018 (6) TMI 1774

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....Gupta, Sr. DR ORDER PER N.K. BILLAIYA, ACCOUNTANT MEMBER, This appeal by the Revenue is preferred against the order of the CIT(A) - 40, New Delhi dated 25.02.2015 pertaining to A.Y 2011-12. 2. The solitary grievance of the Revenue is that the ld. CIT(A) has erred in ignoring that commercial activities of the assessee which are squarely covered under the last limb of proviso to section ....

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....ment proceedings and on perusing the audited statement of account, the Assessing Officer found that the assessee is charging fees, receiving grant and has made expenditure. The Assessing Officer was of the opinion that since the assessee is charging fees for accreditation and is receiving money from organizing seminars, therefore, proviso to section 2(15) of the Act squarely apply. Taking a leaf o....

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....d in any trade, commerce or business and, therefore, eligible for exemption u/s 11 of the Act. 7. Aggrieved by this, the Revenue is before us. The ld. DR strongly supported the findings of the Assessing Officer. 8. The ld. counsel for the assessee drew our attention to the order of the coordinate Bench and pointed out that in earlier assessment years i.e. 2009-10 and subsequent assessment ye....