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2003 (12) TMI 51 - HC - Income Tax"Whether, Tribunal has erred in allowing benefit of section 10(22) of the Income-tax Act, 1961, even though it is not an educational institution but merely providing financial assistance?" - the only issue arising for consideration in this appeal is as to whether the assessee, who is only providing financial assistance to educational institutions is entitled to the benefit of section 10(22) - In the present case, exemption under section 10(22) of the Act was disallowed to the assessee only on the ground that it was merely providing financial assistance to educational institutions like Lady Sri Ram College for Women, Sriram College of Commerce, etc., but was not running these institutions by itself. In view of the aforenoted authoritative pronouncement, no question of law, much less a substantial question of law, survives for our consideration
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