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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Exemption u/s 10(23C)(iiiad) - The income generated from the ...


School's Income Benefits Commercial Entities, Loses Tax Exemption u/s 10(23C)(iiiad) for Educational Purposes.

September 18, 2019

Case Laws     Income Tax     AT

Exemption u/s 10(23C)(iiiad) - The income generated from the activity of running the school is substantially going in the hand of the commercial entities under agreements. - Hence assessee is not existed solely for education purpose and consequently the benefit of Section 10(23C)(iiiad) - AT

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