C.I.T.-Iii,Pune vs Rajasthan And Gujarati Charitable ... on 13 December, 2017
3. The issue has been settled by the Supreme Court
in case of Commissioner of Income TaxIII, Pune v.
Rajasthan & Gujarati Charitable Foundation Poona
reported in [2018] 89 taxmann.com 127 (SC) in which,
the Supreme Court confirmed the decision of Bombay
High Court in case of CIT v. Institute of Banking
Personnel Selection reported in [2003] 131 Taxmann
386 (Bom.) and several other High Courts which had
taken such a view.