Activity of hostel/mess being part of main activity eligible for 15% standard exemption u/s. 11(1)(a)

National Law Institute University Vs DCIT (Exemption) (ITAT Indore)

ITAT Indore held that activity of providing hostel/mess is part of main activity of imparting education. Hence, claim of 15% of gross receipts as eligible exemption under section 11(1)(a) of the Income Tax Act justified.

Facts- The assessee is a law university established under Rashtriya Vidhi Sansthan Viswavidhyalaya Adhiniyam, 1997. Uptill AY 2014-15, the assessee was entitled to exemption u/s 10(23C)(iiiab). Thereafter, w.e.f. 01.04.2014, the assessee has been granted registration u/s 12

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