Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2016 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (3) TMI 689 - CALCUTTA HIGH COURTClaim for exemption u/s. 10(22A) - whether the Association was eligible for exemption under section 10(22A) as a medical institution existing solely for philanthropic purposes? - Held that:- The matter is remanded back to the assessing officer for examining the tax effect, in the light of the Circular no.21 of 2015 dated 10th December, 2015 issued by CBDT. After hearing the submission of the assessee on this limited aspect of the matter the assessing officer shall examine whether the tax effect is less than ₹ 20 lakhs. In case he holds in the affirmative the appeal shall stand dismissed.
|