Eventually returns were filed for the Assessment Years in question declaring Nil income and claiming exemption under Section 10 23C iiiab of the Act.
The aforesaid claim of exemption was negatived by the Assessing Officer who proceeded to make the assessments.
The same view has been taken by all the Authorities under the Act and also by the High Court in the order under challenge in the present proceedings.
For the Assessment Years 2004 2005 to 2009 2010 numberices under Section 148 of the Income Tax Act, 1961 for short the Act were issued to the appellant University Assessee.
It discharges functions earlier performed by the Department of Technical Education, Government of Karnataka.
RANJAN GOGOI, J. Leave granted.
The appellant University, namely, Visvesvraya Technological University VTU has been companystituted under the Visveswaraiah Technological University Act, 1994 for short VTU Act .
