Held that the Assessing Officer allowed the exemption based on a correct appreciation of facts and applicable law. Commissioner (E) erred in excluding interest income from government grants and in attempting to apply rule 2BBB retrospectively. Order of Commissioner (E) is set aside.(AY. 2014-15)
Dr. Babasaheb Ambedkar Open University. v. CIT (E) (2025) 210 ITD 109 (Ahd.)(Trib.)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Government-funded educational institution-Assessing Officer has allowed the exemption based on a correct appreciation of facts and applicable law-Revision order is set aside. [S. 10(23C)(iiiab)]
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