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2016 (12) TMI 680 - AT - Income TaxBenefit of exemption u/s 10(23C) - Whether the assessee was entitled for exemption when the gross receipts of the assessee society exceeded ₹ 1 crore from all the three educational institutions OR of each educational institution run by it? - Held that:- In consonance with the ruling of the Hon’ble Court the case of Commissioner of Income-tax and another v. Children’s Education Society (2013 (7) TMI 519 - KARNATAKA HIGH COURT) we are of the view that the aggregate annual receipts of other educational institution means, the total annual receipts of each educational Institution. To examine the said issue, the case is restored to AO. It is ordered accordingly.
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