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
34. To make the section with the proviso workable
we are of the view that the monitoring conditions in
the third proviso like application/utilisation of
income, pattern of investments to be made, etc.
could be stipulated as conditions by the PA subject
to which approval could be granted.”
11.
Thus, the law common to Section 10(23C) (iiiad
