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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Rejection of the application filed u/s. 10(23C)(vi) - university ...


University's Exemption Denied u/s 10(23C)(vi) Despite Non-Profit Status; Economic Condition of Students Considered.

April 3, 2018

Case Laws     Income Tax     AT

Rejection of the application filed u/s. 10(23C)(vi) - university / educational institution - means may be determined based on economic condition or the situation of the student - the appellant university is not established with the profit motive - there is no reason for denying the exemption u/s. 10(23C)(vi) of the Act. - AT

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