DCIT, CENTRAL CIRCLE 1(1), CHENNAI vs. VELLORE INSTITUTE OF TECHNOLOGY, VELLORE

Appeals of the Revenue are dismissed whereas that of assessee are partly allowed

Bench: Shri Abraham P. George & Shri Duvvuru Rl Reddy]

13(l)(d)." ii) In Queen's Educational Society Vs. CIT reported in 372 ITR 699(SC) the Hon'ble Supreme Court held as follows:- "The law common to sub-clauses (iiiad) and (vi) of section 10(23C) of the Income-tax Act, 1961, may be summed up as follows: (1) Where an educational institution carries on the activity