M/S QUEEN'S EDUCATIONAL SOCIETY vs. COMMR.OF INCOME TAX
C.A. No.-005167-005167 - 2008Supreme Court16 Mar 2015
Bench: The Uttarakhand High Court, Nainital, May Be Gleaned From The Facts Of One Of Them, Namely, The Queen’S Educational Society Case. The Appellant Filed Its Return For Assessment Years 2000-2001 & 2001-2002 Showing A Net Surplus Of Rs.6,58,862/- & Rs.7,82,632/- Respectively. Since The Appellant Was Established With The Sole 2
Section 10Section 10(22)Section 260A
b) it should not be for purposes of profit and (c) the
aggregate annual receipts of such institution should not exceed
the amount or annual receipts as may be prescribed. Such
prescription is to be found in Rule 2CA being an amount of Rs.1
crore.
6.
The said Section was inserted by Finance Act No.2 of
1998 with effect from
