The conclusion that the Assessee did not exist solely for ...

Income Tax

October 10, 2015

The conclusion that the Assessee did not exist solely for educational purposes, but for the purposes of profit on the basis that it had advanced the aforesaid sums to Col. Satsangi and/or his family members who were involved in the affairs of the Assessee, is unwarranted. - exemption under Section 10(22)/10(23C) allowed - HC

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The conclusion that the Assessee did not exist solely for ...

Income Tax

October 10, 2015

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