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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Exemption u/s 10(23C)(vi) – mere existence that there is some ...


Court Rules Incidental Profits Don't Disqualify Educational Entities from Tax Exemption u/s 10(23C)(vi.

August 6, 2014

Case Laws     Income Tax     HC

Exemption u/s 10(23C)(vi) – mere existence that there is some profit does not disqualify the petitioner if the sole purpose of existence was not profit making but educational activities - HC

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