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
7. In the present ease, the profits are substantial
and are arising year alter year and therefore, the
decision of the Apex Court in the case of Aditanar
Education Institution v. Addl. Commissioner of
Income Tax as well as the decision of the Hon'ble
Uttrakhand High Court is applicable.
8. Exemption u/s 10(23C)(vi) is not available
