Income of educational institutions and hospitals cannot claim exemption u/s 11,Income Tax Act 1961. - Income Tax - 1025/CBDT

INSTRUCTION NO. 1025/CBDT Dated : November 15, 1976 Section(s) Referred: 11 Statute: Income - Tax Act, 1961 Reference is invited to Board's Instructions No. 594* (F. No. 197/1/72-IT(AI), dated the 23rd August 1973 wherein it was clarified that where there is a specific provision for exemption the general provisions will not be applicable and sports associations cannot avail of exemption u/s 11 of the Income-tax Act, 1961 as above was a specific exemption provided u/s 10(23) of the Act to sports associations. 2. The Board has examined the question whether educational institutions and hospitals can claim exemption u/s 11 of the Income-tax Act, 1961 as well. The Board is of the view that as specific provision has been made with regard to the grant of exemption to the income of educational institutions and hospitals in section 10(22) and 10(22-A) respectively, they cannot claim exemption available u/s 11 of the Act.