Allowing the appeal of the assessee the Tribunal held that; providing hostel facility is an essential component of an educational institution and it is an aid for attaining educational objects , accordingly entitle to exemption .( AY.2013-14)
Shree Ahmedabad Lohana Vidyarthi Bhavan. v. ITO (2018) 172 ITD 11 / 171 DTR 339/ 196 TTJ 131(Ahd) (Trib.)
S. 11 : Property held for charitable purposes -Education – Providing hostel facility to students is an essential component of education institution and also an aid for attaining educational object- Entitle to exemption .[ S.2(15) 12, 12AA ]