DIT vs Apparel Export Promotion Council Citation 163 Taxman 146
Exemption: Income of Charitable trust - Entrance fee, Subscription fee received
The assessee was a council established for promotion of garment exports. The entrance fee and the subscription fee received were exempt from tax.
High Court of Delhi
DIT vs Apparel Export Promotion Council
IT Appeal No. 683 of 2004
Madan B. Lokur and V.B. Gupta, JJ
19 February 2007
R.D. Jolly and Ajay Kumar Jha for the Appellant B.B. Ahuja and D.K. Verma for the Respondent
ORDER
1. The only issue that has been raised by the revenue is with regard to the question whether entrance fee and subscription fee received by the assessee is entitled to exemption under section 11(4A) of the Income-tax Act, 1961.
2. In view of the decision rendered by this Court in Director of Income-tax (Exemption) v. Apparel Export Promotion Council [IT Case No. 46 of 1997 dated 5-5-1998] and Director of Income-tax (Exemption) v. Apparel Export Promotion Council (No. 2), [2000] 244 ITR 7361 (Delhi), no substantial question of law arises in this appeal.
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