Tuesday, January 29, 2019

Sec. 10(23C) exemption available, though other institutions run by trust didn't fulfil prescribed requirement

IT: Exemption under section 10(23C)(iiiab) is not relatable to individual institution run under common umbrella of a Trust and, thus, if assessee trust satisfies statutory requirement of section 10(23C)(iiiab), exemption provision would apply, irrespective of fact that in isolated cases of a few institutions run by trust, said requirement is not fulfilled

from www.taxmann.com Latest Case Laws http://bit.ly/2FVif7m

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