Registration under 10(23C) -Revenue failed to show that ...

Court Quashes Orders: Revenue Fails to Prove Accumulation Exceeds Limits u/s 10(23C), No Profit from Activities.

February 7, 2012

Case Laws Income Tax HC

Registration under 10(23C) -Revenue failed to show that accumulation exceeding more than 15% has exceeded the period of five years - If no profit arises from the activity, it is not possible to carry on educational activity in such a way that the expenditure exactly balances the income and there is no resultant profit. Orders declining registration are quashed.... - HC

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Registration under 10(23C) -Revenue failed to show that ...

Court Quashes Orders: Revenue Fails to Prove Accumulation Exceeds Limits u/s 10(23C), No Profit from Activities.

February 7, 2012

Case Laws Income Tax HC

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