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2015 (5) TMI 124 - HC - Income TaxExemption u/s 10(23C)(vi) rejected - Held that:- Object Nos. 3, 4 & 5 of the Memorandum of Association seem to be ancillary for educational purposes and the main object of the society still remains as educational purpose. Since, the only consideration required is as to whether assessee is for education purpose and is not indulged in profit making object and Object Nos.3, 4 & 5 are ancillary to educational purposes and none of the object seems to be for profit making purpose, therefore, rejection of the application moved under Section 10 (23C) (vi) seems to be totally unjustified. - Decided in favour of assessee.
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