COMMISSIONER OF INCOME TAX (EXEMPTIONS) vs INDIAN BROADCASTING FOUNDATION

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 20.03.2025 ITA 470/2023 COMMISSIONER OF INCOME TAX (EXEMPTIONS) .....Appellant Through: Mr. Abhishek Maratha, SSC with Mr. Apoorv Agarwal, Mr. Parth Semwal, JSCs and with Ms. Nupur Sharma, Mr. Gaurav Singh, Mr. Bhanukaran Singh Jodha, Ms. Muskan Goel, Mr. Himanshu Gaur, Mr. Kamakshraj Singh and Mr. Yamit Jetley, Advocates versus INDIAN BROADCASTING FOUNDATION .....Respondent Through: Mr. Ajay Vohra, Sr. Advocate with Ms. Ishita Farsaiya, Mr. Sparsh Bhargava, Mr. Apoorv Shukla, Mr. Jaidev Prasada and Ms. Vanshika Taneja, Advocates CORAM HON’BLE MR.JUSTICE VIBHU BAKHRU HON’BLE DR. JUSTICE SWARANA KANTA SHARMA JUDGMENT DR. SWARANA KANTA SHARMA, J. 1. The Revenue has preferred this appeal under Section 260A of the Income Tax Act, 1961 [hereafter ‘the Act‟] impugning an order 16. FACTUAL BACKGROUND 2. As revealed from the records, the Indian Broadcasting Foundation [hereafter „the Assessee’] was incorporated on 27.09.1999 as a not-for-profit company under Section 25 of the Companies Act, 1956 [hereafter „the Companies Act‟]. The Assessee was also registered under Section 12A of the Act vide order dated 10.01.2001. The