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1992 (8) TMI 50 - HC - Income Tax
Extract:
.......educational purposes. Therefore, the said trust was not entitled to total exemption under section 10(22) of the Act. Therefore, the Tribunal was not right in holding that the trust was entitled to total exemption. In the result, we answer the question referred to us in the negative, i.e., in favour of the Revenue and against the assessee. No costs.