LOKMANYA TILAD JANAKALYA SHIKSHAN SANSTHA,NAGPUR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE -2, NAGPUR
In the result, this appeal by the assessee stands partly allowed
ITA 384/NAG/2012[2008-09]Status: DisposedITAT Nagpur09 Jan 2017AY 2008-09
Bench: Shri Shamim Yahya & Shri Ram Lal Negi..
For Appellant: Shri K.P. DewaniFor Respondent: Shri A.R. Ninawe
Section 1Section 11Section 13(1)(c)Section 13(3)Section 40
section.
L)
Income arising from educational activities has been granted exemption u/s. 11 in past &
subsequent years. Income arising during the year is solely from activities of imparting education & qualifies for being exempt u/s. 11
of the LT. Act, 1961. Benefit u/s. 11 cannot be denied to income from education which is charitable object.
M)
Sec 11 (4A) envisage activities
