25 results for “disallowance”+ Section 10(23)(iiiad)clear
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In the result, appeal of the Revenue is dismissed while cross objection by the Assessee is allowed
Bench: Shri N.V. Vasudevan & Shri Jason P Boaz
23. The Hon’ble Supreme Court in the case of Queens Educational Society 372 ITR 699 (SC) summed up the law common to Section 10(23C) (iiiad) and (vi) as follows: • Where an educational institution carries on the activity of education primarily for educating persons, the fact that it makes a surplus does not lead to the conclusion that