Section 2(15) Hostel accommodation provided to various invitees could be considered as commercial activity? 

Brief Facts of the Case and Question Brief Facts: The assessee had filed its return of income on 29-9-2009 declaring Nil income for AY 2009-10. The AO completed the assessment u/s 143(3) after examining the details and explanations and the books of accounts at Nil income. Subsequently, ld. Director of Income-tax (Exemptions) (“DIT(E)”, examined the records and noticed that as per income and expenditure account, total income of the assessee had been shown at Rs. 2640.96 lakhs. Out of this, Rs. 783.18 lakh had been considered for computation of income for charitable activity u/s 10(23C)(iv)...