9911796707
TMI Blog2015 (11) TMI 1816X X X X Extracts X X X X X X X X Extracts X X X X ..... ommissioner. On a perusal of the object clauses of the trust deed, we find that the assessee is established not only for managing all types of educational institutions but also to promote finance, hospitals, research centers in medical science. On a perusal of the profit and loss account and income expenditure account of the assessee, we find that the assessee incurred certain expenditure toward ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed:- 27-11-2015 - Shri Chandra Poojari, Accountant Member And Shri Challa Nagendra Prasad, Judicial Member Appellant by: Mr.S.Sridhar, Advocate Respondent by: Dr.U.Anjaneyulu, CIT DR ORDER Challa Nagendra Prasad, This appeal is filed by the assessee against the order of the Chief Commissioner of Income Tax, Tiruchirappalli dated 10.08.2015 for the assessment year 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Representative vehemently submits that since the assessee has not established solely for educational purposes exemption under section 10(23C)(vi) of the Act was rightly denied by the Chief Commissioner. 4. Heard both sides. Perused the order of the Chief Commissioner. On a perusal of the object clauses of the trust deed, we find that the assessee is established not only for managing all types ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... education but also for other activities. We do not find any infirmity in coming to the conclusion by the Chief Commissioner in rejecting the application for exemption under section 10(23C)(vi) of the Act. Thus, we reject the grounds raised by the assessee and sustain the order of the Chief Commissioner of Income Tax. 5. In the result, appeal of the assessee is dismissed. Order pronounced in ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
