Grant of approval u/s 10(23C)(vi) denied - The claim being ...

Denial of Section 10(23C)(vi) approval doesn't affect educational institution's status; CIT observations deemed irrelevant.

April 7, 2021

Case Laws Income Tax AT

Grant of approval u/s 10(23C)(vi) denied - The claim being inadmissible in the preceding years on account of receipts exceeding a specified limit, surely does not impinge upon its character of an institution existing solely for the purpose of education. The findings of the Ld.CIT(E) that the same impinges on the extent and quality of surplus being generated by the applicant society is a very general and farfetched observation/finding with no factual basis at all and, therefore, is of no relevance, in our view. - AT

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Grant of approval u/s 10(23C)(vi) denied - The claim being ...

Denial of Section 10(23C)(vi) approval doesn't affect educational institution's status; CIT observations deemed irrelevant.

April 7, 2021

Case Laws Income Tax AT

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