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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