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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Exemption u/s 11 - Proviso of section 2(15) - assessee is ...

Case Laws     Income Tax

May 31, 2019

Exemption u/s 11 - Proviso of section 2(15) - assessee is receiving fees/ subscription as per norms of Gov. of India, profit motive is not visible - activities are centered around disciplining, promoting, improving and contributing to similar academic environment and quality of teaching and to enhance the knowledge and discipline of the educational institutions which are incidental to the education and cannot be kept under the objects of general public utility - proviso not applicable

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