COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) AND ANOTHER Vs. ILLINOIS INSTITUTE OF TECHNOLOGY (INDIA) P. LTD.

JUDGEMENT

(1.) THIS appeal is by the Revenue challenging the order passed by the Income Tax Appellate Tribunal, Bangalore Bench, in I.T.A. No. 816/Bang/2002 dated August 26, 2003, for the assessment year 2000 -01.

(2.) THE facts of this case are as hereunder:

(3.) WE have heard the learned Counsel appearing for the parties.