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Income Tax - Highlights / Catch Notes

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Exemption u/s 10(23C)(iiiab) - The appellant University is ...

Income Tax

October 3, 2016

Exemption u/s 10(23C)(iiiab) - The appellant University is neither directly nor even substantially financed by the Government so as to be entitled to exemption from payment of tax under the Act - SC

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  2. Percentage of Government Grant for considering university, hospital etc. as substantially financed by the Government for the purposes of Section 10(23C) - Notification

  3. Exemption u/s 10(23C)(iiiab) - grant from Government is in excess of 50% of its total receipts - scope of explanation inserted by Finance Act, 2014 defining...

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  5. Exemption under section 10(23C)(iiiac) is automatic for entities which are wholly or substantially funded by the Government - AT

  6. Benefit of the provisions of Section 10 (23C)(iiiab) - There is a sweeping difference in according the any assessee to the provisions of Section 12AA and Section...

  7. Disallowance of exemption claimed u/s 10(23C)(iiiab) - imparting education - there is no change in the facts and circumstances of the case as regard retention of...

  8. Entitlement to claim of exemption u/s.10(23C) (iiiab) - Neither any donor nor the Assessing Officer has lodged any complain before Government authorities for violation...

  9. Government was substantially financing and interested in the management of the respondent-assessee and, therefore, were eligible for exemption under Section...

  10. Exemption u/s. 10(23C)(iiiab) - As per the CBDT circualr, the benefit of Sections 11/12 of the Act would be available to an assessee for a period prior to the year of...

 

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