Monday, December 10, 2018

No denial of sec. 10(23C) exemption if an educational trust also carried some allied charitable activities

IT : Where assessee-trust was established pre-dominantly with an object of providing education to all sections of society, mere fact that it spent a meagre amount of its total income on some allied charitable activities such as providing food and clothing to relatives of poor students, would not stand in way of denying benefit to it under section 10(23C)(iiiad)

from www.taxmann.com Latest Case Laws https://ift.tt/2QkaP30

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