2018 (12) TMI 1881 - SCH - Income Tax

Exemption u/s 10(23C)(vi) - Assessee s activities including charging a franchisee fee could not be regarded as a charitable activity within the meaning of section 2(15) - purpose for which section 10(23C)(vi) of the Act was introduced, is adequately fulfilled and not disadvantageously circumvented by vested parties - HELD THAT - SLP dismissed.

Summary

Title: Supreme Court Judgment

Court: Supreme Court of India

Citation: 2018 (12) TMI 1881 - SC

Judges: Hon'ble Mr. Justice A.K. Sikri, Hon'ble Mr. Justice Ashok Bhushan, Hon'ble Mr. Justice S. Abdul Nazeer

Petitioner's Counsel: Mr. V. Shekhar, Mr. Ashok Panigrahi, Mr. A.K. Kaul, Ms. Niranjana Singh, Mr. Shashank Shekhar, Mr. Prithviraj Singh, Mr. Shakti Pandey, Mrs. Anil Katiyar

Respondent's Counsel: Mr. Satyen Sethi, A. Trana Panda, Gargi Sethee

Decision: Delay condoned. Special Leave Petitions dismissed. Pending application(s) disposed of accordingly.