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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23C)(iv) - even though the aims and objects of ...


Society with Multiple Purposes Can Qualify for Tax Exemption if It Exclusively Pursues Education u/s 10(23C)(vi).

July 18, 2013

Case Laws     Income Tax     HC

Exemption u/s 10(23C)(iv) - even though the aims and objects of the society may contain several objects but if it has been proved by material on record that the society is not perusing any other activity apart from eduction then in such case, the society will qualify for grant of approval u/s. 10(23C)(vi) - HC

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