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. 2640.9

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