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2004 (7) TMI 48 - HC - Income TaxActivities of running educational institutions – trust - exemption under sections 10(22) and 11 - Concededly, the object of the respondent/assessee (trust) is to establish run, manage and assist colleges, schools and other educational institution solely for educational purpose and in that regard to raise or collect funds, donations, gifts etc. We are, therefore, of the considered opinion that the respondent/assessee (trust) is certainly entitled to the benefit of section 10(22). In such event, as rightly held by the Tribunal, section 11(4A) of the Act is not at all attracted to the instant case. - "It would be unreal and hypertechnical to hold that the assessee-society was only a financing body and would not come within the scope of 'other educational institution' as specified in section 10(22)
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