Eligibility for exemption u/s 10(23C)(iiiad) - claim not made in ...

Income Tax

March 2, 2024

Eligibility for exemption u/s 10(23C)(iiiad) - claim not made in return of income - failure to furnish audit report in Form 10B - The Tribunal found that the institution, a society providing education, had spent more than 85% of its receipts towards charitable purposes. Despite a belated submission of the audit report, the institution was eligible for exemption under section 10(23C)(iiiad) of the Act. Consequently, the appeal was allowed, granting the institution the exemption it sought.

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Eligibility for exemption u/s 10(23C)(iiiad) - claim not made in ...

Income Tax

March 2, 2024

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