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2013 (10) TMI 431 - ALLAHABAD HIGH COURTAllowability of benefit of the provisions of Section 10 (23-B) of the Act – Held that:- Requires in sub-clause (i) of the proviso that the institution applies its income, or accumulates it for application, solely for the development of Khadi or village industries or both and sub-clause (ii) read with first proviso requires of taking an approval for the time being, for the purpose of this clause by the Khadi and Village Industries Commission – In the present case, the requirement s are not fulfilled – Benefit not allowed – Decided in favor of Revenue.
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