group se rvi ces
were cl osely linked to the main business acti vi ty of the
appel l ant of expl orati ... submi tted that the appell ant incurs expendi ture to
undertake acti vi ti es requi red by t he PSC, havi ng regard
matters connected thereto. The uni versi t y started i ts
acti vi t y wi th ni n e engi neeri ... stated purpose
and that i ts acti v i ti es were aki n to that of another uni versi
duri ng the
course of carr yi ng out i ts acti vi ti es. Taki ng up through the
facts of the case ... cati on No.MPP-A( 7) /-1) 2000 dated 31.12.2000 and the
acti vi ti es undertaken by i t rel ated to determi nati
Before us, the Ld. counsel for assessee contended that
the acti vi ti es carri ed out by the I mprovement trust
consti tuted unde ... xempti on as carr yi ng out chari tabl e acti vi ti es as per secti
acti on bei ng
fundamentall y based on the sai d deci si on of the Hon'bl e
Supreme Cou rt, call
Income from Re search & Development acti vi ti es (Onl y for
assessment years 2004-05, 2005-06 and 2006-07).
Revenues from suppl ... ncome from
vendor fi nanci ng. In respect of R&D acti vi ties, Noki a Indi a's
R&D center
osed and di scl osure of
the same on subsequent s earch acti on, when the
i ncri mi nati ng materi al was foun ... attracted, i t was not necessar y that the search acti on be
carri ed out on the assessee and the onl y requi rement
assessment
year 2011-12 under consi derati on, si nce i ts acti viti es fall i n
the category of "advancement of object ... ncome i s concerned, he hel d the same to be the
acti vi ties of the assessee trust by observi ng as under
Acit,, Ludhiana vs M/S Vardhman Holdings Ltd.,, Ludhiana on 31 May, 2019
IN THE
Dcit, Faridabad vs M/S. Nhpc Ltd., Faridabad on 8 May, 2019
IN THE INCOME
