Hostel Facility by Charitable Educational Trust cannot be held as business

Harish Chand Ram Kali Charitable Trust Vs ACIT (ITAT Delhi) The issue under consideration is whether the CIT(A) is correct in concluding that the hostel running activity is a business activity? The assessee society was established with the aim to impart education and other charitable activities covered under section 2(15) of The Income Tax Act. The trust is imparting education for bachelor degree in the field of engineering, pharmacy, business administration and hotel management etc. and running engineering and professional college. In scrutiny, A.O. asked assessee to explain as to why hostel ...