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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Whether the assessee is entitled for exemption u/s 10(22) and ...


Trust Denied Tax Exemptions u/ss 10(22) and 10(23C) for Failing Charitable Purpose Test, Focuses on Profit.

February 8, 2014

Case Laws     Income Tax     AT

Whether the assessee is entitled for exemption u/s 10(22) and 10(23C) - There is no obligation to use the surplus funds for the charitable purpose, viz. “education“ - trust exists only for profit motive - AT

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