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2016 (1) TMI 1247 - AT - Income TaxNon granting the deduction/exemption under section 10(23C)(iiiab) - Held that:- There is a clear admission on the part of the secretary of the assessee board that the assessee board has not received any financial support from the Government of Himachal Pradesh for functioning/fulfilment of the objects of the assessee board. The assessee board is not imparting any education and was selling text books on which profit have been earned. Therefore, the admission of the secretary of the board clearly disentitle the assessee for claiming any relief under section 10(23C)(iiiab) of the Income-tax Act. In the light of the finding of fact recorded by the authorities below and the earlier decision in the case of the assessee, we are of the view the assessee has failed to satisfy requirements of section 10(23C)(iiiab) of the Income-tax Act, therefore, the assessee would not be entitled for exemption under the above provisions. The appeal of the assessee, thus, has no merit and the same is, accordingly, dismissed. - Decided against assessee
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