2 results for “charitable trust”+ Section 13(1)(c)clear
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In the result, the appeal of the assessee is dismissed
Bench: Shri Kul Bharat & Shri Anadee Nath Misshra
charitable institution existing solely for the purpose of education their income is exempt under Section 10(23C) (iiiad) of the Income Tax Act. The direction for filing the return if the gross receipts of the institution exceeds Rs.1 Crore is inserted for the purpose of monitoring the activity of educational institution the intention of legislature is not to deny