Refusal of exemption u/s 10(22) - the acquisition of property in ...

Case Laws Income Tax

February 28, 2019

Refusal of exemption u/s 10(22) - the acquisition of property in the name of individuals is indicative of the fact that the profits of the institution was being used for self aggrandizement; which is the explicit motive. The explanation that the property was inadvertently purchased in the name of individuals by an innocuous mistake, can only be taken with a pinch of salt.

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Refusal of exemption u/s 10(22) - the acquisition of property in ...

Case Laws Income Tax

February 28, 2019

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