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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Disallowance of exemption claimed u/s 10(23C)(iiiab) - imparting ...

Case Laws     Income Tax

December 1, 2022

Disallowance of exemption claimed u/s 10(23C)(iiiab) - imparting education - there is no change in the facts and circumstances of the case as regard retention of revenues by the assessee society as grant in aid by the Government of Punjab and the assessee society thus continue to remain wholly funded by the Government of Punjab and the assessee is thus held eligible for exemption under section 10(23C)(iiiab) - AT

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