Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2010 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (5) TMI 170 - HC - Income TaxExemption u/s 10(23C)(iv) – CIT rejected the application of the petitioner for grant of exemption under Section 10(23C) (iv) of the Income Tax Act, 1961 on the ground of commercial activities - society was set up by the Government of Haryana to facilitate and simplify the admission procedure to the Technical Institutes in the University Departments, Government/Government aided/ Private Institutions located in the State of Haryana. – Held that: - merely because the society has accumulated some profit, does not mean that the petitioner –society is not achieving its object for which it was established. Merely because the society has earned some profit, does not make the society disentitle for the exemption - The Chief Commissioner, Income Tax, Panchkula is directed to decide the application of the petitioner
|