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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Claim of exemption u/s. 10(22) and section 10(23C)(vi) - The ...

Case Laws     Income Tax

March 14, 2023

Claim of exemption u/s. 10(22) and section 10(23C)(vi) - The respondents have not substantiated their bald statement that ASB/the petitioners have not invested the surplus money in accordance with law which in any event would not be a criteria at the initial stage of approval as held by the Apex Court in New Noble Society (supra). - Benefit of exemption allowed - HC

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