Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2011 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (3) TMI 1425 - HC - Income TaxExemption under section 10(22) of the Income-tax Act, 1961 - Scope of the word "education" used in Clause 15 of section 2 of the Act of 1961 - application of the petitioners filed under section 10(23C)(vi) of the Income-tax Act, 1961 has been rejected – Held that:- objects mentioned in the memorandum of association of the society are correlated with the education and the petitioner-society exists solely for the purpose of education. It has not entered into any business in the relevant period, neither it diversified its fund for any other purposes, application of the petitioner-society has been rejected at threshold without considering the activities of the society, petitioner society has not used the amount and income for any other business activities, order passed by the authority is illegal and against the provisions of section 10(23C)(vi) of the Act 1961, petition of the petitioners is allowed, application filed by the petitioner for grant of approval under section 10(23C)(vi) of the Act of 1961 is hereby accepted
|