Exemption u/s 10 (23C) (iiiad) denied - clubbing the voluntary ...

Case Laws Income Tax

October 11, 2021

Exemption u/s 10 (23C) (iiiad) denied - clubbing the voluntary contributions received by the appellant Society with the receipts of the educational institution - Tribunal has also erred in looking at provisions Section 12 AA of the Act and the fact that the donations received by the Society may not have been received with any specific instructions. It is not relevant in the facts of the present case. It is so because here the assessee had only claimed the benefit of Section 10(23C)(iiiad) with respect to the receipts of the Institution, Information Management and Technology and it had not claimed any benefit with respect to the donations received by the Society - benefit of exemption allowed - HC

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Exemption u/s 10 (23C) (iiiad) denied - clubbing the voluntary ...

Case Laws Income Tax

October 11, 2021

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