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2015 (3) TMI 3 - ITAT CHANDIGARHExemption under section 10(23C)(iiiad) denied - Held that:- Where the assessee had solely engaged in engaging it self and providing education through its Nursing Institute to girls students and where the annual receipts of the said institute were less than the prescribed limit, we hold that the assessee is entitled to the benefit of exemption under section 10(23C) ( i i i ad) of the Act . Merely because the assessee in its aims and objects had prescribed other objects which it was not pursuing during the years under consideration, we find no merit in the orders of the authorities below in holding that the assessee was not exclusively existing for educational purposes . The conduct of the assessee and the activities carried on by the assessee clearly established that it was solely engaged in providing education to the girl students in the rural area in which it had established its Nursing Institute. Thus we direct the AO to allow the benefit of exemption under section 10(23C) ( i i i ad) of the Act . - Decided in favour of assessee.
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