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2017 (11) TMI 2002 - HC - Income TaxExemption u/s 10(23C)(iiiab)/10(23C) (iv) - appellant assessee is registered and granted exemption u/s 12AA vide certificate on 7.11.2007 and carrying on their activity only for the purpose of publication of the educational books which are given to the educational institutions - assessee appellant is an autonomous body established for the purpose of publication of books in Hindi language for post graduate student of Universities in India as per the Education Policy decision of the Ministry of Education & Social Welfare, Department of Education, Government of India - HELD THAT:- Rajasthan Hindi Granth Academy is established by the State Government to see that the books are available to the students of the educational institutions at the grass root level, therefore, while considering the matter, we have considered that mainly the substantive amount out of receipts as received by the assessee from State Government by way of subsidy. Even if, name of the institution i.e. Rajasthan Hindi Granth Academy is considered, it is established that it is for the purpose of publication of Hindi Granth i.e. for education. In that view of the matter, in our considered opinion, in view of decisions referred by Mr. Ranka, this is an educational institution activity. We are of the opinion that this academy is running only with a view to publish educational books and we have no hesitation in accepting the submissions of Mr. Ranka that this is only for the purpose of academy which is educational in nature. Assessee will be entitled for the benefit u/s 10(23)(iiiab). Even from the table, looking to the turnover, the profit is negligible, therefore, it is clear that the institution has no profit motive. - Decided in favour of the assessee.
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