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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Exemption u/s 10(23C)(iiiad) – computation of limit of ₹ ...


High Court Rules Sale Proceeds Excluded from Annual Receipts in Section 10(23C)(iiiad) Exemption for Educational Institutions.

August 20, 2014

Case Laws     Income Tax     HC

Exemption u/s 10(23C)(iiiad) – computation of limit of ₹ 1 crores - sale proceeds of land and bonds cannot be equated to annual receipts as stated u/s 10(23C) - HC

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