Dismissing the appeal of the revenue the Court held that nature of services provided by assessee were of general public utility and that services provided were towards membership and connectivity charges, incidental to main objects of assessee. Tribunal was justified in allowing the exemption.. (AY. 2009-10)
CIT(E) v. National Internet Exchange of India (2021) 133 taxmann.com 376 (Delhi)(HC) Editorial : SLP is granted to the revenue, CIT(E) v. National Internet Exchange of India (2022) 284 Taxman 524(SC)
S. 11 : Property held for charitable purposes-Charitable objects-Membership and connectivity charges incidental to main object-Entitle to exemption. [S. 2(15), 12A]