2014 (7) TMI 1395

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....Manohar For the Appellants : Sri. K. V. Aravind, Adv. For the Respondent : Sri. S. Parthasarathi, Adv., A/W. Sri. K. Mallaha Rao, Adv.,). JUDGMENT PER N. KUMAR, J. The Revenue has preferred this appeal against the order passed by the Tribunal which has granted exemption to the respondent - National law School of India University. 2. The substantial questions of law that has raised in this ap....

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..... The materials on record discloses that the assessee exists only for educational purposes and it has not existed for any private purpose. The institute is controlled by the Board appointed by the Government. Government of Karnataka granted 23 acres of land to the assessee which was valued at the relevant point of time is Rs. 50.00 crores. The institution has been built up by the funds grante....