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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Eligibility for exemption u/s 11 - Approval u/s 10(23C) not ...


Educational institution denied tax exemption u/s 10(23C); must maintain separate accounts for function hall income.

February 22, 2014

Case Laws     Income Tax     AT

Eligibility for exemption u/s 11 - Approval u/s 10(23C) not granted - Educational institution – Charitable purpose - if the assessee maintained separate books of account for letting out the function hall it has to be produced before AO - AT

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