Sec. 4 & 12AA of the Income-tax Act, 1961—Income— High Court while dismissing the tax appeal of the revenue held that “Tribunal is right in law in holding that the income of the assessee, which was paid to the Govt. as per the bye laws of the assessee society, is not taxable, inspite of the fact that the assessee had debited such payment to its P&L Account and had claimed it as a revenue expenditure though the assessee is not registered u/s 12AA and nor its income is exempt under any of the provisions”. SLP of the revenue dismissed. - PR. CIT V/s H.P. EXCISE & TAXATION TECHNICAL SERVICE AGENCY - [2020] 269 TAXMAN 020 (SC)