High Court Of Delhi
CIT vs. Divine Light Mission
Sections 11, 256, 256(2)
B.N. Kirpal & C.L. Chaudhry, JJ.
IT Case No. 98 of 1983
26th July, 1989
Counsel Appeared
Rajendra & D.C. Taneja, for the Revenue : Shashi Bhushan Gupta, for the Assessee
KIRPAL, J.:
Heard. The question which is involved relates to the interpretation of s. 11 of the IT Act, 1961. In our opinion, a question of law does arise and we direct the Tribunal to state the case and refer the following question of law to this Court :
“Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the income received by the assessee by way of subscriptions from its members was not assessable to income-tax by virtue of s. 11 of the IT Act, 1961 ?”
The petition is disposed of. No costs.
[Citation :183 ITR 56]