Exemption u/s 10(23C)(vi) - there has been no exercise done by ...

Rejection of Tax Exemption u/s 10(23C)(vi) Overturned; Case Sent Back for Further Review.

July 12, 2019

Case Laws Income Tax HC

Exemption u/s 10(23C)(vi) - there has been no exercise done by the Department either at first instance or at least on review petition to find out as to whether the Trust has generated a reasonable surplus to enable them to sustain the institution and in the event of a higher surplus, whether they had ploughed back or utilising the same for achieving the objects of the trust - rejection invalid - remanded to CCIT

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Exemption u/s 10(23C)(vi) - there has been no exercise done by ...

Rejection of Tax Exemption u/s 10(23C)(vi) Overturned; Case Sent Back for Further Review.

July 12, 2019

Case Laws Income Tax HC

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