LAWS(CAL)-2016-3-44

COMMISSIONER OF INCOME TAX, CENTRAL-I, CALCUTTA Vs. APEEJAY MEDICAL RESEARCH & WELFARE ASSOCIATION (P) LTD.

Decided On March 18, 2016
Commissioner Of Income Tax, Central -I, Calcutta Appellant
V/S
Apeejay Medical Research And Welfare Association (P) Ltd. Respondents

JUDGEMENT

(1.) The revenue has come up in appeal against a judgement and order dated 18th August, 2000 passed by the learned Income Tax Appellate Tribunal, 'E' Bench, Calcutta pertaining to the assessment year 1988 -89 affirming an order of the CIT(A) allowing exemption under Sec. 10(22A) of the Income Tax Act (hereinafter referred to as the 'Act').

(2.) The following questions of law were formulated at the time of admission of the appeal: - -

(3.) The facts and circumstances of the case briefly stated are as follows: - -