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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Application for exemption u/s 10(23C)(vi) - existence of surplus ...


Surplus or Profit Doesn't Disqualify Educational Entities from Tax Exemption u/s 10(23C)(vi) if Profit Isn't Main Goal.

February 3, 2014

Case Laws     Income Tax     HC

Application for exemption u/s 10(23C)(vi) - existence of surplus / profit - it will not cease to be one existing solely for educational purposes since the object is not one to make profit - HC

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