Tribunal held that the assessee being a charitable trust within meaning of section 2(15) entitled to benefit under section 10(23C)(iv) of the Act. Order of the Tribunal is affirmed by High Court . (Followed CIT v GSI India (ITA No 691 of 2017 dt .16 -02 2018 and GSI India v .DCIT ( WP No. 7797 of 2009 dt 26 -09 2013) ( AY. 2011-12)
CIT ( E ) v. GS1 India (Formerly Ean India) (2019) 266 Taxman 279 ( Delhi) (HC) Editorial : SLP is granted to the revenue ; CIT ( E) v. GS1 India (Formerly Ean India) (2019) 266 Taxman 278 (SC)
S. 10 (23C): Educational institution- charitable trust – Entitle to exemption .[ S.2(15) ,10(23C)(iv) , 12AA ]