Blood bank is not a hospital & not entitled to exemption U/s. 11

It is an undisputed fact that Assessee is registered u/s 12AA of the Act. It is also an undisputed fact that Assessee had entered into transaction of sale of FFP with CBL and during the year and had supplied to CBL, FFP worth Rs 30.26 lacs. It is also an undisputed fact that CBL is an associate company of Assessee by virtue of majority shareholding held by Chudgar family in both the concerns. AO has held that the Assessee is not eligible for deduction u/s 11 and 12 of the Act as it falls within the purview of section 13(l)(c)(ii), 13(2)(b), 13(2)(d) and 13(2)(g)

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