TMI BlogRefusal of exemption u/s 10(22) - the acquisition of property in the name of individuals is indicative...Refusal of exemption u/s 10(22) - the acquisition of property in the name of individuals is indicative of the fact that the profits of the institution was being used for self aggrandizement; which is the explicit motive. The explanation that the property was inadvertently purchased in the name of individuals by an innocuous mistake, can only be taken with a pinch of salt. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
